It's hilarious
An excerpt:
If you are using the Program in someone else's bedroom on any Monday at
3:05 pm, you are not allowed to modify the Program for ten minutes. [This
clause provided by Inphernic; every licence should contain at least one
clause, the reasoning behind which is far from obvious.
EDIT: Oh yeah, it's a music player. IT, XM, S3M and MOD files, can be integrated into stuff, blah blah blah.