Oneliner IRC bot (human readable)

(lambda functionh, values: __import__('sys').setrecursionlimit(1000000) == functionh(functionh, values))(
    # main loop
    (lambda self, (socket, stdout, depth):
        # cycle
        (lambda (line, splitted_line, command, trailing):
            stdout(line) ==
            (
                # register
                command == '020' and socket.send('USER h h h h\r\nNICK oneliner\r\n')
            )^(
                # rensponse to server pings
                command == 'PING' and socket.send('PONG'+line[4:])
            )^(
                # join channels when invited
                command == 'INVITE'
                and socket.send('JOIN ' + trailing)
            )^(
                # message stuff
                command == 'PRIVMSG'
                and ((
                    # ping pong
                    trailing.startswith('ping')
                    and socket.send('PRIVMSG ' + splitted_line[2] + ' :pong'+trailing[4:])
                )^(
                    trailing.startswith('!depth')
                    and socket.send('PRIVMSG ' + splitted_line[2] + ' :Current recursion depth: ' + str(depth) + ' iterations\r\n')
                ))
            )
        )
        # parse irc data
        ((lambda string: (
            string, # line
            string.split(), # line.split()
            string.split()[1] if string[0] == ':' else string.split()[0], # irc command
            ' :'.join(string.split(' :')[1:])) # trailing, includes \r\n
            )
            (socket.recv(4096))
        )
        # loop again
        ^self(self, (socket, stdout, depth + 1))
    ),
    # the irc socket, a print function and recursion depth
    (__import__('socket').create_connection(('irc.inet.fi',6667)), __import__('sys').stdout.write, 1))