A somewhat pejorative phrase referring to Myspace, an online community. Referred to as such because a majority of those with Myspace accounts tend to spend hours on end perusing different accounts, making bulletins and blogs, listening to bands, and pretty much spending their existance on the addicting website.
"He hasn't been on aim in a long time. Fucking wasting his life away on MySpace. He really needs a job. Or hobby. Or a harness.
by Blackbird June 28, 2005