The statement that "IV is half (two letters) of the word FIVE" is a clever wordplay based on the concept of Roman numerals and the English word "FIVE." While it provides an interesting and creative way to connect the number 4 with the concept of being half of 5 in a linguistic sense, mathematically speaking, the number 4 is not half of the number 5. In mathematics, half of 5 is 2.5, not 4.