This program can give you a significant performance boost for CGIs (or other frequently executed programs) that take a long time to compile, without some of the headaches of mod_perl (of course, mod_perl allows you to do many other interesting things, but it is not always available).
For example, I had a CGI that used Template and Class::DBI, among other modules. It took at least 0.25 seconds to run because of the startup overhead. Just by changing the first line to #!/usr/bin/speedy, the runtime went down to about 0.013 s, a 20x improvement!
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