Save up to 80 percent with Azure Reserved Virtual Machine Instances when combined with Azure Hybrid Benefit for Windows Server, or save up to 72 percent on all virtual machines. Simply select your region, virtual machine series, and term. Improve budgeting and forecasting with a single up-front payment while maintaining flexibility should your business needs change. Easily exchange or cancel Azure Reserved Virtual Machine Instances at any time.
A Hostway|HOSTING Virtual Private Server (VPS) solution puts you on a server with other clients, where each client shares the cost of running the server. Unlike shared hosting (e.g., FlexCloud), a virtual private server solution gives each client its own partitioned server area. You manage your own operating system (Linux or Windows), storage space, and memory to ensure your site’s performance and stability.
Amazon Virtual Private Cloud (Amazon VPC) lets you provision a logically isolated section of the AWS Cloud where you can launch AWS resources in a virtual network that you define. You have complete control over your virtual networking environment, including selection of your own IP address range, creation of subnets, and configuration of route tables and network gateways. You can use both IPv4 and IPv6 in your VPC for secure and easy access to resources and applications.
With support for Linux, Windows Server, SQL Server, Oracle, IBM, and SAP, Azure Virtual Machines gives you the flexibility of virtualization for a wide range of computing solutions—development and testing, running applications, and extending your datacenter. It’s the freedom of open-source software configured the way you need it. It’s as if it was another rack in your datacenter, giving you the power to deploy an application in seconds instead of weeks.
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.
VPS hosting works the same as Shared Hosting, except you have additional features such as your own WHM panel. If you have any questions about the specifics of our hosting, be sure to contact our Live Sales center for more help. Contact information for the Sales team can be found at the bottom of the page. They can be contacted via phone/chat/email/Skype.

It provides you with even more options, including root access, access to Apache and PHP.ini (modification of PHP variables), and much more. You can also install an SSL certificate, and all software program types. In short, you get more freedom in terms of administering and configuring your server, without the hassle of managing any physical hardware.
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