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Web2.0 manufacturer 

A web design company making unremarkable websites that conform to the trends of the Web 2.0 revolution. These style conventions would include but are not limited to: shiny, reflected buttons; subtle textures and drop-shadows; excessive use of gradient backgrounds; rounded corners; jQuery slides above the fold; and nonsensical cutesy, vector illustrations.
Redesignunit; Interweb; Ashaker; Cyberdesignz; Utargeting; to name a few web2.0 manufacturers.
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Interactive media theory where an infrastructure focusing on content creation, management, and dissemination is built for the user to generate that content in a community framework.
Urban Dictionary falls under the Web 2.0 theory because they built an infrastructure to create, manage, and disseminate the definition of slang terms generated by the user and ranked by the community.
Web 2.0 by Jason D. Schwartz July 16, 2008
A buzzword used by dullards to seem hip and "in" on "latest" technology, in hopes that no one will be perceptive enough to see that what's "Web 2.0" isn't new at all, but rather a catch-all term for websites that give people imagined self-importance by letting them comment on and share content with other equally moronic readers.
OMG this website is so Web 2.0! Check it out there's a button to post this to my facebook, myspace, and twitter! Now all my friends will see how hip I am and maybe someone will finally love me!
Web 2.0 by Snakes on a Wii September 23, 2009
Rounded edges added to webpages as well as a glossy/glass look to buttons and images.
Wow, look at that round website! They clearly embraced web 2.0!!
web 2.0 by uberamd August 17, 2008

web 2.0 haircut 

A shaved head with a goatee or van dyke, often accessorized with thick-framed glasses, or the person sporting such a look. Implies a certain degree of poseurism or gentle mocking. Derived from the unusual prevalence of this look among new media types and those who style themselves to be new media types. The original web 2.0 haircut was probably worn by Seth Godin, although he never followed through with the beard.
"We wanted to hire an SEO firm, but we ended up with some guy with a web 2.0 haircut."
web 2.0 haircut by limeduck June 17, 2008
Pretty much the current generation of the internet and this will probably last til about 2012. It is the internet where blogging, social networking, forums, wikis, video sharing, webcams, sharing, getting pwned, etc. takes place.

Web 1.0 was the primitive internet where you went to campbells soup.com and there it is. Web 2.0 is pretty much where you can read and post blogs about soup and share info about your favorite soup on your Facebook profile. There is a Web 3.0 coming into the future which will probably be the iPhone Web, in which the internet might be in different places than a computer.
Kraft.com is Web 1.0
MySpace.com is Web 2.0
Web 2.0 by kizzle23 March 6, 2009
A term used to describe the victoriousness of machines over humankind.
"Thanks to Web 2.0, we don't need original human thought anymore! Plug me in, Morpheus!"
web 2.0 by gregjockca June 6, 2007