THE GOAL: Flesh out a bunch of "todo" documentation for Panels/Page Manager in 4 hours or less. ;) What follows is a copy/paste of the existing docs from Advanced Help. Let's make the empty bullet list into full paragraphs. w00t!

== PAGE MANAGER DOCS == 

About Page Manager

The Page Manager module creates and manages pages in your Drupal  site. Pages are defined as items that have a path and provide output to  the user. It is a complete round trip from getting user input to  providing user output.

There are two types of pages that the Page Manager currently supports:

Custom pages
Custom pages are defined completely by the administrator. Their  path, access control and visible menu characteristics are completely  arbitrary.

System pages
System pages are defined by Drupal and Drupal modules. They  primarily override pre-existing pages to provide different  functionality. They often do not allow such features as access control  in favor of what already exists, and they will usually 'fall back' to  default Drupal behavior.

Both types of pages figure out what to show the user by using Variants.  Variants are output handlers, and every page should have at least one.  Most pages will simply have only one. Pages with multiple variants will  choose one and only one Variant to display content to the user and will  use the Selection Rules to figure out which Variant to display.

Getting Started

This is a quick summary:
Creating a page
With Page Manager, you can create your own custom pages with flexible layouts all with just a few clicks! In its simplest form, creating a page consists of four steps: Configuring some basic settings, choosing a layout for the page, configuring Panel settings, and finally selecting the content to appear in your panel.

From the page list at Administer >> Site building >> Pages, click "Add custom page".

http://img.skitch.com/20100819-rsdfpnbr4yujx33hqsg981fn7e.png

Options:
Next, choose a layout for your page:

http://img.skitch.com/20100819-me12t7my81mgtt7r8upr9d5cug.png

Select from a Category of pre-fabricated layouts, such as 1, 2, or 3-Column layouts, or choose "Builders" to create your own customized layout that meets your exact needs.

The next screen prompts you to adjust panel settings.

http://img.skitch.com/20100819-q4jfdc5bbque8d915dnumsx2bj.png

Finally, you'll be able to specify which content appears in your Panel's various regions.

http://img.skitch.com/20100819-gspehdq2yg2917ey8xstj2buap.png

Each panel region (top, left side, right side, etc.) has configuration options associated with it, which can be found by clicking the gear icon. If you select Add content, you are taken to a content selection screen, as shown below.

http://img.skitch.com/20100819-1ttybcx7fj61yxupb6kchp84ng.png

Content you can place within a panel region includes blocks (categorized according to type, with "Miscellaneous" as a general placeholder for contributed module blocks), views, menus, page elements (such as site logo, slogan, and footer message), existing node content, and even "custom" content that provides a simple title/body field for creating re-usable bits of content without going through the node system.

http://img.skitch.com/20100819-nmrpb19bgktpyuym9phhgd13gq.png

If the Stylizer module is enabled, you'll also see the a Style option underneath the panel region configuration. By selecting "Change", you can choose from a pre-configured style for this region (rounded corners, list, etc.) or create your own.

http://img.skitch.com/20100819-f1gntcpjnbx3s7isi1ixjkaw1c.png

By choosing a Custom style, you have full control over the borders of the pane, foreground/background color, font properties, and nearly anything else you can think of. You can then store this style for re-use in other panels and panes.

== PANELS DOCS ==

Installation
Installing Panels requires the following modules:

Additionally, in order to use the Panels In-Place Editor, the following modules are required:
Getting Started