“This means the requester has asked the server to switch protocols and the server is acknowledging that it will do so.“ — wikipedia
“The server understands and is willing to comply with the client's request, via the Upgrade message header field, for a change in the application protocol being used on this connection. The server will switch protocols to those defined by the response's Upgrade header field immediately after the empty line which terminates the 101 response.
The protocol SHOULD be switched only when it is advantageous to do so. For example, switching to a newer version of HTTP is advantageous over older versions, and switching to a real-time, synchronous protocol might be advantageous when delivering resources that use such features.“ — ietf