A central catalog for the e-public to view parody and satire of drama, memes, e-
While the articles themselves are mostly satirical jabs at Internet users (both individually and in groups) and phenomena, bear in mind that the Encyclopædia Dramatica itself is a parody of a much less funny online encyclopedia. As such, ED articles tend to make fun of the supposed objectivity and accuracy, elitism, and stupid edit wars of such sites. In other words, expect blatant, biased lies, and expect boring truths to get deleted quickly.
ED's third purpose is to catalogue Internets phenomena. In this role, it's actually a fairly good reference for dramatic events and things like memes and netspeak, provided you bear in mind the first two purposes and take what you learn with a Girlmecha-sized grain of salt.5,798 wiki added to WikiApiary.