What is fast frequency hopping?

This is also known as spread spectrum. It's a method of encoding a signal using a changing carrier frequency. FM radio is incoded using a single carrier frequency which is varied slightly to encode the information. Think of frequency hoping as FM, but with the carrier changing quickly. So instead of staying on 88.1, the signal starts on 88.1, then jumps to 95.2, then to 101.3, then to 81.5, etc. etc. Each transmitting and receiving device knows the pattern of carrier jumps, so it knows where to look for the information. This is how bluetooth works.