So with 1000 continuous dimensions (typically values between -1 and 1 coded on 32 bit floats) you can encode quite a bunch of concepts and their nuances.
Note: the default dimensionality of word2vec is 100 instead of 1000. Apparently you can get better results with dim=300 and a very large training corpus. To leverage higher dimensions you need: more CPU time to reach convergence and a lot more data to leverage the added model capacity.
FWIW, 2^61 > 26^5, so even the binary vector 2^1000 has an expressive space about 2^939 times larger than 26^5 (all possible words up to 5 letters).
But yeah, the continuous dimensions can hide many more binary dimensions.
For example, 4-D rgba can be smashed into 1 continuous (or 64-bit) dimension, but that feels a bit like cheating.
So it sort of feels like 1000 64-bit dimensions is a tricky name. 64000 1bit dimensions.
Are there really only 1000 independent concepts in the English language?