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It's an inside joke. Byte at its peak had some issues that were nearly an inch thick and could easily be used as a murder weapon.

> I always assumed they the small referred to the systems (i.e. microcomputers) rather than the size of the journal.

That is correct.

Adjectives don't nest. Lists of adjectives all apply to the subject not each other. Each adjectives applies without reference to others.

I’d argue that in “dark red paint” that most people would say that dark modifies red rather than paint.

(Same/maybe more clear in the phrase “candy apple red paint”)

That's why God invented Parens.