What does `lorem ipsum dolor' mean?

"Lorem ipsum dolor sit amet. Consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat.
Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore te feugait nulla facilisi. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat."

This is the first part of a nonsense paragraph sometimes used to demonstrate a web template. It has been well established that if you write anything as a sample, people will spend more time reading the copy than looking at the actual feature. The "gibberish" below is sufficiently like ordinary text to demonstrate content sample but doesn't distract the reader. Hopefully.

Rick Pali submits the following from Before and After Magazine, Volume 4 Number 2.:

After telling everyone that Lorem ipsum, the nonsensical text that comes with PageMaker, only looks like Latin but actually says nothing, I heard from Richard McClintock, publication director at the Hampden-Sydney College in Virginia, who had enlightening news:

"Lorem ipsum is latin, slightly jumbled, the remnants of a passage from Cicero's _de Finibus_ 1.10.32, which begins 'Neque porro quisquam est qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit...' [There is no one who loves pain itself, who seeks after it and wants to have it, simply because it is pain.]. [de Finibus Bonorum et Malorum, written in 45 BC, is a treatise on the theory of ethics very popular in the Renaisance.]

"What I find remarkable is that this text has been the industry's standard dummy text ever since some printed in the 1500s took a galley of type and scambled it to make a type specemin book; it has survived not only four centuries of letter-by-letter resetting but even the leap into electronic typesetting, essentially unchanged except for an occational 'ing' or 'y' thrown in. It's ironic that when the then-understood Latin was scrambled, it became as incomprehensible as Greek; the phrase 'it's Greek to me' and 'greeking' have common semantic roots!"