They won't look very good. I'm pretty sure the hash map data type that bash provides is of a fixed size, so performance will degrade pretty quickly as the number of cached items increases past that.
I do honestly think this is cool. The readme does not make it clear if this is a joke (which would be fine), or has any practical use whatsoever (which would be awesome).
It's obviously more oriented towards testing and stuff (as something compatible with memcached, but lighter) more than actual production use. Security holes are a bit less urgent in that case.
https://github.com/avleen/bashttpd