If around 98% of your energy can be lost due to water resistance, small improvements in efficiency are key. TI was the difference between not literally being able to swim 50m straight (near hyperventilating like I ran a 100m dash) and 1 mile swims (albeit slow). As for why I posted about TI, it fits in the hacker ethos - doing something differently but better.
http://en.wikipedia.org/wiki/Anaerobic
Some beginner swimmers (including myself before TI) swim anaerobically (lactic acid produced, pain in muscles). Only with better technique will you be able to swim aerobically (laps).
"Olympic swimmers are able, at best, to convert only 9 percent of their energy into forward movement while swimming the front crawl or freestyle, the fastest and most efficient of the four competitive strokes. (On average, the butterfly, backstroke and breaststroke follow in speed and efficiency.) Most of the rest of us use as much as 98 percent of our energy overcoming water resistance. " (2)
"But the real killer for competitive swimmers is a third type of resistance that arises at the interface between air and water—wave drag. Moving along the surface of the water inevitably creates waves. Physically speaking, swimmers force a mass of water in front of them to rise up against gravity. This not only robs swimmers of energy, but it has a disproportionately greater effect the faster they go.
The problem is that wave drag increases as the cube of any increase in swimming speed. And it gets worse if a swimmer makes jerky or uneven movements, either bouncing in the water or moving from side to side, because this wastes still more energy making waves." (1)
(1) http://environment.newscientist.com/article/mg15921455.600-s...
(2)
http://gymkhana.iitb.ac.in/~swimclub/swim4.html