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Titan Water: Titan n120, the Tankless Water Heater

I drink a lot of water - out of tanks and bottles of course. But my girlfriend has bought something (priced $ 230 "cheap"!) which she technically described as a "Titan n120," an apparently amazing Tankless Water Heater. My first thought was "if there's no tank, where do you get the water to heat?'). Opps, Bad call, men will be men. As curious as this Titan water thing was, I decided to find out what can carry no water but has a facility that heats it. Come on, we men are great with cars, fixing them and the stuff but not water and its associated content, for Gosh sake!  Anyway, here's what this "Titan n120" looks like:   So what is this Titan Water thing? Well, as the names suggests the Titan n120 is a tankless water heater unlike the "normal" tank-and-heaters we use at home. I went through the product's manual and it says that the Titan "continually heats water instantaneously". It seems that the Titan is one o