The first part was a funny story about a little fish that tried real real hard then failed and died without hope.
The second part is a boring series of reaches that doesn't go anywhere (literally).
I was aware coming in that Yegge's style is to make tenuous metaphors that obfuscate the point more than they elucidate (remember the story about the Kingdom of Nouns) but I was so enamoured by part 1 that I inadvisedly read it nonetheless.
(As a side note it is possible to write in the style Yegge is trying to: Neal Stephenson achieves it in "In the Beginning was the Command Line" with the story about the different drills.)