This document discusses how PyPy makes Python code fast while maintaining its simplicity and readability. PyPy is a just-in-time compiling implementation of Python that can achieve speeds up to 1000x faster than CPython in some cases. While high-performance Python libraries and rewriting code in C can improve performance, they lose Python's simplicity and elegance. PyPy avoids these issues by making Pythonic code fast without compromising the language's qualities. The document also addresses some current limitations of PyPy like its lag behind CPython and issues with C extensions but outlines plans to improve the situation going forward.