ASCIImeo is a conversion engine that takes any Vimeo video and converts it to an ASCII rendered version. Capturing such an effect with a still image doesn't do it any justice - so you're just going to have to try it out. I would suggest watching the Vimeo version and then comparing it side by side with the ASCIImeo version - for proper comparison.

You can read about the idea and implementation behind Peter Nitsch's project here. His description of "It's simple and generally useless, but a ton of fun to explore" is right on the money.