Explore the intricacies of Python compilation and obfuscation techniques in this 39-minute conference talk from NolaCon 2016. Delve into Python's unique features, source and runtime obfuscation methods, and the inner workings of PyC files and code objects. Learn about Python By Code tools and discover advanced techniques like extended arguments, negative inargs, and load closure operations. Gain insights into ASM implementation and engage with practical demonstrations throughout the presentation.