Meanwhile, the site's features progressed along, making the site increasingly sticky (it really wasn't back in the day). The big hitters were and still are Photos and Events, which both happen a lot better if all of your friends are already signed up for the site.
All of this stuff happened well before there was a lot of hype from the Valley started kicking in. Facebook's growth since opening up to high school (and later, the world) is less interesting though, since they've basically been running on network effects, inherent virality and quality product. They didn't have any of those when the site first started.
It was also a great way to find your friend's hot friends and set up a meeting somehow.
The fact you had to give them your college email address and a password was no barrier. Heck, not having to choose a user name or design your profile yourself made it easier to sign up.
(I can answer this since I was in college at the time it got started.)
really, every decision of the masses can be attributed to laziness?
I can only explain everything after that to me being a blustery gasbag that likes to elaborate.
Absolutely the best analogy.
Facebook is the new AOL... hadn't thought of it that way, but it does seem like an appropriate analogy.