It finds closed form approximations to numbers. This looks like a lot of fun (and is potentially useful).
Original source: Recognizing numbers with SymPy nsimplify
BTW the same function was used to recover some of the Ramanujan lost equations, as discussed in this latest Wolfram Blog**: After 100 Years, Ramanujan Gap Filled** . Below is the image from his “lost notebook” showing some incomplete equations. Click on the link or the image to read the full blog.
Be sure to look at all answers (not just highly voted ones), and follow the links. I asked a similar question on MathGroup a few years ago which also has interesting answers: