That's definitely an oldie.
While those formulas do work, they've been rendered really obsolete by more modern ones that can be found in the caffenol cookbook (
https://www.caffenol.org/2012/11/27/the-caffenol-cookbook-bible/)
Thing is that the ones in Shutterbug will tend to produce low contrast and high fog, things that have been pretty much resolved in the modern formulas.
Also, years ago it's been found that it's not the caffeine in the formula that develops the film but the caffeic acid.
If you take some caffeine pills and use those instead of the regular brown stuff, you get a blank film. So the article is a bit misleading.