It's how Drupal conceives of and organizes an HTML page
The Daddy template: html.tpl.php
<html><head><!-- assorted meta tags go here --><!-- as do link tags --><!-- a title tag --><!-- also, stylesheets and javascript --></head><body><!-- "page top" - not much usually goes here --><!-- "page" - almost everything is here:
blocks and page callback, all together --><!-- "page bottom" - usually very little,
sometimes javascript assets. --></body></html>
jk, it'd be asinine to list 26 vars and regions
In Drupal, the "page" is really about governance
Who gets to put stuff on the page, and why?
The better we answer this question, the saner Drupal sitebuilding is for everyone
Drupal 7
hook_page_build() and hook_page_alter() make everything squishy
drupal_add_css/js(), drupal_get_html_head(), etc. blow up encapsulation