We can all think back to certain moments in our lives that somehow defined who we would be and how we would act in future. In this snippet Tina Fey uses the memory of being a child at the top of a waterslide as a metaphor for courage generally—when faced with a challenge, will you jump into it or will you hold everyone else back?
(And she makes a half-joking note about why that particular metaphor is significant to her.)