Okay, so to put it elegantly this is absolutely butt-fucking pointless. On the other hand it was good practice and I learned a few things. Anywho the source code can be found here, it is suprisingly commented for once.
Basically it has modes, that can be set with switches, that dictate how the lights will move(Sweep back and forth, go one way pause and loop, go one way and immediately loop, flash between colors), and has push buttons to increase or decrease the speed.
Below is a video of it running in the dark, I kept it at high speed so I could fit all the modes in a brief amount of time, so it looks a little psychotic: