This document discusses the concept of technical debt through an interactive exercise. It defines technical debt as the additional development effort incurred when code quality is not maintained. In the exercise, participants manage a backlog of features and technical debt items under a points-based system. This is meant to illustrate how focusing only on new features can accumulate technical debt over time, slowing future development. The document concludes by providing tips for identifying, prioritizing and managing technical debt in a development backlog.