Seth has made the generous offer of allowing a select few people to work for him. For free. In exchange, you get to be surrounded by His Greatness every day. If you get accepted, don't forget to bring your lunch money and cab fare as well.

While this sounds like a revolutionary idea, if you're willing to work for free, and can sell yourself well (the two basic acceptance criteria for this program), there is a high probably you can weasel yourself into some simialr position a number of different places.

It is often referred to as an "internship." There is no way this can possibly be comparable to an actual MBA, but I am biased.

Well Seth's specialty is calling things they aren't or making up superfluous words when a simple English one just won't work for him.