Proper noun. the newest iProduct, Steve Jobs' latest endeavour; An unsturdy white shelf that is being force-filled with things that don't belong in it. Objects in the iRack often don't get along with each other, and look as though they don't want to be there. While many people feel as though things should be taken out of the iRack, some others feel that large amounts of money should also be thrown at the iRack, and proceed to do so. There is also no exit strategy for items placed in the iRack. Potentially preceeds the iRan, a new brand of shoe devised to distract people from the crumbling iRack.
People with brains: "No!! Stop putting thins in the iRack!!!"
Person lacking brain: "Ah yes, I hear what you're saying, and the answer is, NO, i will CONTINUE to put things into the iRack, AND i'm ALSO going to throw all our money at the iRack!!!"