Actually I found an explanation for what was actually happening kind of lacking. I mean I already know that:
%%VARIABLE%=%100%TEXT%%
Means that if the variable is equal to 100, "TEXT" will be shown on the page, but I don't see Berka actually say that anywhere, nor does he explain that adding more conditions after that turns it into one large conditional statement. Sure you can infer how it works based on how it looks, but I think the article could use him breaking it down into pieces and explaining them.
Actually turns out I was wrong and he does mention it later on, but it seems to be more in passing. Also:
"In all cases, if the Variable Condition is me, then the TEXT is displayed."
How interesting ^_^