I think I can explain the statement of the theorem, but not the proof.
The problem is to maximize the sum of the areas of unit squares when packed into a square of side \alpha. If \alpha is an integer, then the maximum area of the packed unit squares is obviously \alpha^2.
For each positive real number \alpha, the author defines a function W(\alpha). W represents the difference between the optimal packed area \alpha^2 and the supremum (least upper bound) of the areas of all possible packings. (I think of W as representing the "waste".) The theorem states
W(\alpha) = O(\alpha^\frac{7}{11})
The so-called "big Oh" notation means that there exists a constant c such that
W(\alpha) \leq c\alpha^\frac{7}{11}
Intuitively, that means that W(\alpha) has the same "order" as \alpha^\frac{7}{11}. As the author points out, for large \alpha, \alpha^\frac{7}{11} is much smaller than the area of the packing obtained by placing the unit squares in rows and columns that are parallel to the sides of the big square.
The proof doesn't seem to use any advanced math, but I haven't tried to read it.
HTH
EDIT: Can anyone explain why my alphas aren't lining up correctly? I'm just learning Tex, so I assume I'm doing something wrong, but can't figure out what.