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Functional Programming Demystification - Scala at the Sea

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In the May Meetup of Scala at the Sea, Adam Rosien gave a live-coding talk on Functional Programming Demystification.
Functional programming is full of Fancy Words(tm). Let's collect a list of them to demystify together. Adam will facilitate with live-coding, and will also try to make good jokes.
Here's some terms to bootstrap us: _effect_, _free monad_, _functor_, _property-based testing_, _refinement type_, _stream_, etc.
Thanks to our sponsors:
Functional programming is full of Fancy Words(tm). Let's collect a list of them to demystify together. Adam will facilitate with live-coding, and will also try to make good jokes.
Here's some terms to bootstrap us: _effect_, _free monad_, _functor_, _property-based testing_, _refinement type_, _stream_, etc.
Thanks to our sponsors: