What it does is quite obvious: it outputs the current year, so for instance you could have it say:
(c) 2006 – (php block here)

this would render (c) 2006 – 2008

- hope this helps anyone.
Now as I look at this issue, I wonder if I was smart enough to build that into all my themes. If not, I got some revising to do after I have finished my next exam in January (11th).

Update: bleh I put

in pretty much all my themes, which is stupid I fear – but for now it is noted on my to-do list and will be sorted out with the next wave of updates!

Update: Lorelle put the_time(); too, so I guess I might as well leave it like that.

Moo.tools is neat, I love it and use it whenever I can, but one thing is still bugging me: its size.
Even though moo.tools can be downloaded compressed (using the great php5 version of dean edward’s packer), I personally find 18kb of javascript too much.

So I started researching a bit with Google and found out different way of compressing moo.tools (or actually whatever javascript you have) even further:

The first method, which I am using works like this:
+ You rename your javascript file (moo.tools) from the original filename.js to filename.js.php
+ Open the file with your favourite editor and add the following line just at the very TOP of the code:

+ Next, scroll down to the end of the file in your editor and add the following to the bottom:

+ Save your file and upload it.

Now add it to your website using the old HTML code, but keep in mind to add the .php-file extension.
It might look like this:

I was able to reduce the whooping 18kb moo.tools down to 9kb this way. Well, actually I did not do anything, but the server and its php and zlib.

Other methods:
At the top of Javascript:

.htaccess method
Save a compressed javascript file as *.jgz, and write .htaccess like this.

RewriteEngine on
RewriteCond %{HTTP_USER_AGENT} ".*Safari.*" [OR]
RewriteCond %{HTTP:Accept-Encoding} !gzip
RewriteRule (.*)\.jgz$ $1\.js [L]

AddType "text/javascript;charset=UTF-8" .jgz
AddEncoding gzip .jgz

Filesmatch .htaccess method:

ForceType text/javascript
Header set Content-Encoding: gzip

RewriteEngine On
RewriteCond %{HTTP_USER_AGENT} !".*Safari.*"
RewriteCond %{HTTP:Accept-Encoding} gzip
RewriteCond %{REQUEST_FILENAME}.gz -f
RewriteRule (.*)\.js$ $1\.js.gz [L]
ForceType text/javascript

Sources / Ideas:
1. paulstamatiou.com
2. randomnetworks.com