Tada. MacOS X loading...
To make it go away, run:
Why? Apparently it's just a placebo that just shows passing of time. It doesn't actually represent anything loading (damnit, ya? I'd rather see stuff actually _loading_. Then you could configure different startup items to say, "Loading Doomsday Weapons 1..", "Loading Sexy Female Henchmen...", "Loading Stupid Hero...", "Loading Munnies...")
Found out about this stuff here: http://www.afp548.com/article.php?story=20050620071558293