The recent editio princeps of a composition called «The Book of Thot» by its editors is an occasion to review the text. An extended overview with translations of many individual passages is followed by a discussion of the general content and meaning. It is proposed to see it as an initiatory dialogue leading to the arcane areas of scribal lore. Relations to the Greek-language Hermetica are less close than it had been hoped for. Numerous corrections are proposed for the arrangement of the fragments and the reading and translation of individual passages, including complete new synopses for some passages.