The Web Ring FAQ takes up a substantial portion of this site, so I thought I'd give it a blurb here. . . Take note of the similarities between this "main" site and that site (this becomes important later *g*).
It was mainly something to procrastinate on while I was supposed to be studying for the bar. But it turned out pretty cool [imho]. It basically goes on about the history of the web ring and how to create/manage/join a ring.
I even built a EUROPa page while creating the FAQ.
So. . .go ahead, give it a looksee. Take a gander. Join another ring while you're there!