Hello, coder! Let's become acquainted with "Simulating Method Overloading" today. This technique is a potent tool in JavaScript, used to maintain backward compatibility when introducing shiny new features to your software, much like adding a honking feature to your toy car which already moves forward, backward, and turns around.

Today, our journey comprises:

• Unfolding the concept of Simulating Method Overloading in JavaScript.
• Understanding the use of optional parameters for backward compatibility.
• Applying function overloading techniques to a practical problem.

Let's dive in!

Our first step involves deciphering how we achieve method overloading behavior in JavaScript. Just as our bodies react differently to various stimuli (cold gives us goosebumps, heat makes us sweat), simulating method overloading in programming allows a function to behave differently based on its input. In JavaScript, we can achieve this by using default parameters or checking the types and counts of the arguments. Imagine having a greet function that initially just greets a person by name. Later, we want to add the capability to capitalize the name if needed:

As you can see, the function is overloaded, providing two ways of calling it — providing both parameters or just name, using a default value for the capitalize parameter.