This is quite a hard sentence to explain. lets break it down. "it strips away all the hype" this is saying that whatever the subject is made all the hype go away. (Hype means something that makes people excited about a certain thing). "and cuts to the meat of the matter" cuts to the meat is a expression about getting to the important part of the subject. So basically the sentence can be translated to: it takes away all the hype and gets to the important issues.