Lorem Ipsum

Have you noticed this bit of Latin on Blogger?
Lorem ipsum vim ut utroque mandamus intellegebat, ut eam omittam ancillae sadipscing, per et eius soluta veritus
I tried to find out what it means by going to a Latin dictionary - and failed. I wrote to my friend Sergi asking for help and this is what he came up with:
"Apparently since 1500s when typographers have wanted to check some kind of font, they have started a sentence with "Lorem ipsum" to indicate it's just a dummy text. It looks like Latin, but it's not Latin at all. http://www.lipsum.com/"