Earlier quoted context omitted.
It's usually referred to as a fabric because in general relativity, spacetime is dynamic, as if it were on a fabric that could stretch and contract in response to the density of matter occupying it. This is where the rubber-sheet analogy comes from. As for what it is made of, that is one of the great open questions in theoretical physics right now, but also possibly where the analogy breaks down. Because of Lorentz I…
Thanks for linking to the video, it was the most informative handling of the subject I have seen. After watching, I have a question, please forgive if it is ridiculous or displays some fundamental problem with my layman's understanding of the subject. If time becomes space-like, and space becomes time-like, can we think of black holes as "time stars"? Would every black hole within our observable universe contain info…
> If time becomes space-like, and space becomes time-like, can we think of black holes as "time stars"?
doesn't make much sense to me. Time does not become spacelike nor does space become timelike. In General Relativity, time and space are not individually defined in an observer-independent fashion in the first place. The terms we use instead are "timelike directions" and "spacelike directions" as well as timelike / spacelike hypersurfaces because they are defined in such a way that all observers will agree on whether a direction / hypersurface is timelike / spacelike. So now that we've replaced the terms "time" and "space" with "timelike" and "spacelike", I hope you'll see that your question is not exactly well-defined.
But maybe I'm misunderstanding you, so please feel free to elaborate on your questions. (Or to point me to an explanation from the video in case you're referring to one.)
As for your second question:
> Would every black hole within our observable universe contain information from all light cones within the observable universe? In other words, would different black holes contain different information?
I'm afraid I can't follow this question, either. Would you mind rephrasing it? My initial impression is that you might have a wrong idea of what a lightclone is.