if you drill down into the right folders, it contains every possible text file up to a certain size. He uses a weird 70 character encoding scheme in order to optimize folder depth and width (he didn't want more than 5k objects in any folder) and to stay within maximum path length limitations.
it generates the text files on demand based on the path you're following and in each folder (along with other folders) is the text file represented by that path so far.