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Internet Game Distribution Program.
Created for the early release of Half-Life 2, after high demand for the game before its release.
As a result, they were forced to release in a pre-stable state.
Thats right - ITS YOUR OWN FAULT!
Utilising EXTREMELY fast download servers and high compression rates, game file sharing, etc. Steam is one of the most complicated gme downloading system devised in recent years.
Joe's getting Hal-Life 2 Gold through Steam
Steam by Mincetro June 25, 2005
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A Singapore localized word used to convey a feeling of adrenalin-charged excitement. On a literal sense, it means to have an erection. Can be used as a verb or adjective. Often paired with "man" (see example).
Playing Dead Space 2 will really make you steam, man!
Steam by randomstreet March 19, 2011
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A cloud-based PC gaming platform created by the game developer Valve. Designed to allow users to purchase, download, and play games linked to their accounts from any computer, without worrying about discs or limited installations. Also provides a community in which users can see games their friends are playing, give recommendations and reviews, and even create and share custom content for some games via the Workshop.

Being the first successful platform of its kind, it was initially riddled with bugs and had a poor reputation. In more recent years, it has become a celebrated staple of PC gaming.
Neverwinter Nights is being ported to Steam? Good, I'm tired of always losing the disk.

Dude, cool sword! Is that in the game?
Nah, I got it off Steam Workshop.
Steam by mwymarc May 23, 2013
To smoke a blunt or other type of dank dart.
As i sit back/relax/steam a blunt/sip a becks-Biggie from Just Playing(Dreams)
Steam by naslovedahoes May 11, 2006
A gaming platform made by Valve software that can auto update games and has a built in IM client (Friends). Despite having a very buggy release, it is now a solid system, although idiots who have nothing better to do still whine since it crashes on their spyware infested PC, or their warez copy of Half-Life no longer works.
Person A: Steam sucks! It never works!
Person B: Get rid of that 2GB of spyware then FFS!
Person A: OMG! Steam works now!
Person B: Duh...
Steam by generic October 23, 2004
when water evaporates after reaching over 100 degree's celcius
holy shit, that water just evaporated at 100 degree's! thats some steamy shit
steam by LaRgO November 14, 2003
The vapor into which water is converted when heated. Not to be confused with the money - obsessed gaming platform.
Just hurt myself on some steam
Steam by Thot188814 February 18, 2019