diff --git a/README.md b/README.md
index 147168949..9712e5358 100644
--- a/README.md
+++ b/README.md
@@ -126,7 +126,7 @@ ### ERROR: unable to download video ###
 
 youtube requires an additional signature since September 2012 which is not supported by old versions of youtube-dl. You can update youtube-dl with `sudo youtube-dl --update`.
 
-### SyntaxError:Non-ASCII character ###
+### SyntaxError: Non-ASCII character ###
 
 The error
 
@@ -139,10 +139,14 @@ ### SyntaxError:Non-ASCII character ###
 
 	git clone git://github.com/rg3/youtube-dl.git
 	cd youtube-dl
-	python -m youtube-dl --help
+	python -m youtube_dl --help
 
 Please note that Python 2.5 is not supported anymore.
 
+### What is this binary file? Where has the code gone?
+
+Since June 2012 (#342) youtube-dl is packed as an executable zipfile, simply unzip it (might need renaming to `youtube-dl.zip` first on some systems) or clone the git repo to see the code. If you modify the code, you can run it by executing the `__main__.py` file. To recompile the executable, run `make compile`.
+
 # COPYRIGHT
 
 youtube-dl is released into the public domain by the copyright holders.