In section 3.6, the text says:
3.6 Creating all hash tables
You can now hash your vectors and store them in a hash table that would allow you to quickly look up and search for similar vectors. Run the cell below to create the hashes. By doing so, you end up having several tables which have all the vectors. Given a vector, you then identify the buckets in all the tables. You can then iterate over the buckets and consider much fewer vectors. The more buckets you use, the more accurate your lookup will be, but also the longer it will take.
However, I think the buckets in the statement is wrong. Instead, it should be more universes. Each universe has N buckets, and the more buckets you use, the less accurate your lookup is because you are comparing to a smaller set of candidates, thus the shorter it will take. But if you have more universes, the more accurate your lookup will be, and the longer it will take.