Does the binary sequence in this XKCD comic translate to anything in particular?

It looks fairly random to me, so I feel like I can assume that it’s not ASCII art. Does the binary sequence have any particular meaning?

iloveyOu, repeating.

The standard answer to any question that involves the formula “Does this <geeky thing/code snippet/binary sequence> in XKCD translate to something?” is “Yes”.

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It’s colored in the distinct shape of valentine heart. That’s kind of a clue.

Thanks!

Yeah, I know. I suppose I should have phrased my question in a non-binary (rim shot!) format.

I figured it was cutesy, but I was curious exactly what it was saying.

Only in ASCII.