:used as slang for "Internet"
:"Internet" being - connecting nerds
commonly has a TradeMark symbol following it
:a person who is deemed to be on the Internet too much
:or, takes the Internet too seriously for the likes of others
"I spent all night browsing the Internerd."
"He was on the computer all night. He's such an Internerd."
Most InterNerds have many friends whom they met online, and perhaps know more people online than they do in real life. It's not uncommon for an InterNerd to have met their best friend online, but never in real life. They also may have met one or several of their intenet friends in real life.
B: No...but I know that he's a real nice guy, and his favorite movie is StarWars!
I spend so much time on the computer, I think I'm starting to turn into an InterNerd....
Knowledgeable people on the internet.
The word was first used with this definition by Tina Fey herself.