Chris:
I assume you are asking about reciprocity
failure when using shorter (not shirter

) exposures.
You probably know all or most of this, but here goes:
The effect that light has on light sensitive materials is generally a function of exposure, which is actually made up of two components:
1) the intensity of the light striking the materials, and
2) the length of time that the light strikes the material.
For most materials we work with, in the ranges we most commonly work with them, to a very great extent the light intensity and duration work in a reciprocal relationship - i.e. if you double the duration and halve the intensity, the exposure is the same, and the resulting density on the material is the same as well.
This reciprocal relationship only applies however over a range of light intensities. If you go outside that range, and the intensity is either
so much greater, or
so much less than the more commonly encountered intensities, then the corresponding change in the duration of the exposure won't have sufficient effect to result in the same density on the light sensitive materials - i.e. we have reciprocity failure.
We generally tend to speak in terms of duration of exposure when we discuss reciprocity failure, because we are usually faced with a given light level (which we cannot control) and we are attempting to deal with it by adjusting the duration of the exposure (which we can control).
All this is pretty well understood by most here, but we sometimes overlook the following:
a) no light sensitive material evidences perfect reciprocity over any range - it is always at best close; and
b) there is no such thing as a perfect shutter or iris aperture - all exposures involve at least some change in intensity over the range of an exposure.
In the example Ian referred to in the other thread, wherein there were several exposures of 1/5 of a second, the difference due to reciprocity failure between the exposure at 1/5 of a second at one f/stop and the exposure at 1/10 of a second at the next f/stop might be too small to be obvious, but it would be real. If one used 5 such exposures, then the differences would add together and may as a result become quite significant.
There are other factors to keep in mind however. In that example, the (in)accuracy of the shutter or the iris diaphragm of the lens may very well have a larger effect.
Matt
EDIT: As indicated above in Mike Wilde's and Q.G.'s posts, there is another effect that one encounters with very short exposures - not the ones in the 1/5 of a second range that I assume Chris was asking about