Basically, in a nutshell, it's frothed up sugar syrup glop, with nuts and sometimes maybe other things like dried fruits tossed in. The real thing can be really good, and the giant corporate candy machine makes a mockery of it. The latter is whence the lord of the nougat was created, but that is a fucking retarded and weird and convoluted story for another time! Or another thread... I'm sure it's around here somewhere!