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1.
Referring to interaction between two or more humans via the internet.
"I can't get no...internaction".

"They all settled in for a few hours of internaction."
by pseudodave October 17, 2009
 
2.
the act of communicating with someone over the internet, largely taking priority over seeing others in non-cyber realities.
'bro, you down to hit the bar tonight!?'
'nah bro- think ill just stay home and find a honey for some internaction.'
by gdef1 January 27, 2010