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1.
An internship is when (usually a college undergraduate) goes and works for a company who can get away with paying him a very small salary or often nothing because he hasn't graduated yet.

It's basically just working to make someone rich and getting nothing in return - the modern equivalent of slavery, except nowadays, people are actually willing.
Person A: Hey! I got an internship with yahoo this summer!

Person B: Awesome! What will your job involve?

Person A: Correcting grammatical errors, making cups of coffee.. you know the usual - they're paying me $50 bucks at the end of the six weeks.

Person B: That sounds fantastic! That'll really benefit your career in the years to come.

by porcolatos April 23, 2009