This is the home screen of Android Wear. At the top is a very faint "G" button. When pressed, the device starts listening for voice commands. If buttons aren't really your thing, an "OK Google" hotword will work, too. Below the button is a notification showing the time and weather. Tapping on the weather will expand it, and swiping left will open the extended forecast. Swiping up will show more notifications, one at a time.
Every UI element in Android Wear seems to work in this manner. Tapping on the center of the screen will expand whatever is on it; swiping horizontally will do something related to the current screen, either showing options or more details; and swiping up or down will go to other areas. If you're off in a menu, you don't have to swipe back to center in order to swipe up, either—just swipe up or down from anywhere in the menu to go to the next notification.
http://arstechnica.com/gadgets/2014/03/in-depth-with-android-wear-googles-quantum-leap-of-a-smartwatch-os/