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If someone already has the document you are downloading in their cache, they
can serve it to you.
If several people have it, they can share the task by sharing different
parts.
You get it even faster.
Example: Tribler
Tribler
Note (in blue progress bar) how the file is loading in bits, but priority
has been given to the start of the file so you can immediately start
streaming.
In Summary
Although you still need HTTP for long-tail, and single-use/personalised
content, replacing HTTP with peer-to-peer+magnet links makes the most of the
web:
Harder to block and censor
Faster
Cheaper for web sites
More available
Resilient to peaks of demand
You can phase it in without disruption to the web.