I really liked where he color coded the equation and the sentence describing how it worked. I've seen tables in the past explaining what each variable represented, but this was much clearer.
I nearly got the light blue and green confused, and I have normal color vision. I think there are reasons to prefer tables, or perhaps something animated or interactive would work as well. (e.g. mouseover a term to get its description.)
http://altdevblogaday.com/wp-content/uploads/2011/05/Derived...