Really short version:

1 Bitcoin = 1.00000000

1 Sat = 0.00000001 Bitcoin

1 Bit = 100 Sats, 0.000001 Bitcoin

Weโ€™re in the middle of a cyclically repeating fight about what to call sats, whether to use bits at all, and if we should all just throw our hands up in the air and call it all bitcoin.

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I am more enlightened than I thought...

You missed the part about moving decimal points to do away with 21 million

More or less what I meant by that last bit. Still falls under the umbrella of the meme.