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1.Noun and Colloquism: The Internet. Derived from the mix of the internet and the Web.

To surf the webternet.
"look it up on the webternet"
by Leigh Edwards February 12, 2006
Once upon a time in a land far far away, spiders invented the internet first, and it was forever known as...the webternets...
Nothing much, just surfing the webternets
by Kash Etchum August 03, 2010