This is a 1 meter long flexible strip of 60 individually controllable RGB Leds. Each 1 meter strip can be cut into sections and still work, or, if you need something longer, they can be daisy chained with other strips to build huge displays capable of basic video frame rates.
The strips come in a weatherproof transparent jacket that is removable with a sharp knife.
Each colour channel of every RGB led is 8 bit. This equates to 16.7 million colours. The LEDs are controlled by shift-registers built into each lamp. In order to drive the strip you need 5v, GND and Data - easy! Once the registers are loaded, you can stop sending data.