What is Preact? (the best small React alternative)

Preact has been around for a while so I'm surprised I haven't talked about it before. It's a super cool library that is great for mobile or embedded environments and the best part of all is that it has the exact same API as React. Super cool!
Also I forgot to pull up my green screen in this video so apologies for the ever-present background 😬
Links from video:
preactjs.com/
preactjs.com/a...
preactjs.com/g...
preactjs.com/g...
preactjs.com/g...
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