This is the message file that is displayed to users upon logging in.
For a good example of the use of the motd file, Ariel's was:
April 28 -- There were a whole lot of collisions showing up on my hub this
early morning, and I don't know why. I shut Ariel down until I could
troubleshoot; apologies if this caused any inconvenience.
April 26 -- Well, the power went off this weekend, and because of the way
Ariel's keyboard is plugged in, she didn't come back up. And I wasn't
around to bring her back up either. (Sorry about that.) Let me know
if you lost data due to the crash.
Mar. 30 -- tcsh works again. If you would rather have that as your
default shell, go ahead and change it now.
This is a good place to put announcements that users should see and pay
attention to; examples of this would be planned downtime, explanations of
unexpected downtime, or announcemnets of new software.