With a VPS, you receive all the power of Dedicated Server Hosting plus the ability to maintain your own set of services and customizable disk space. Here, you can also perform any desired actions from your control panel, without the need to contact our technical support team. With Shared Hosting, however, you have limited administrative access and are not able to customize software configurations. Learn more about the differences →
So that could be either a virtual machine - an operating system running inside another operating system, or a virtual private server - you rent a virtual server from a company, so you have your own internet-facing server running 24/7 relatively cheap (since it's not a real server, but one of many virtual server running on an actual server). I think he might have meant the later, since you'd have to run a snartnofe (btw I love that name) non stop to benefit from it.
You'll also want to determine how long you'll need VPS web hosting. If you need hosting for a short time period—say, less than a month or two—you'll typically receive a refund should you cancel your hosting within 60 days. These money-back guarantees vary from web host to web host. For example, Company X may offer a 30-day money-back guarantee, while Company Y may offer a lengthy 90-day money-back guarantee. As always, it's best to shop around for the features that best suit your web hosting needs.

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Cloud hosting: This type of hosting is slightly more expensive than shared hosting (similarly priced to VPS hosting). Rather than using a single server to store and load your site, a cloud system distributes resources across many different computers for faster response times. However, this model typically doesn’t give you root access, and its distributed structure presents fundamental security challenges.

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The force driving server virtualization is similar to that which led to the development of time-sharing and multiprogramming in the past. Although the resources are still shared, as under the time-sharing model, virtualization provides a higher level of security, dependent on the type of virtualization used, as the individual virtual servers are mostly isolated from each other and may run their own full-fledged operating system which can be independently rebooted as a virtual instance.
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