My first guess is that it's a pressure cooker, though unlike the Titan, it pressurizes its contents deliberately.

Instant pots seem to have a good reputation, though I've seen a former roommate go through a couple of them - they are computerized and can be bricked if the building has unsteady current, as in our case of bad/old wiring. So, perhaps it could also be a play on 'innovation' making things less reliable.