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1.
misreading or misinterpretation written text in a way that gives the written word or phrase a new meaning
McCain/Pain vs. McCain/Palin; Pelicans for sale vs. Pecans for sale; Zebraskin vs. Zebra Skin
by golfKart November 21, 2010
 
2.
This is when you miss-read something, usually caused by zero punctuation and zero spacing.

When you are looking at custom license plates and it says iamsweet
and you are thinking it says something like iams weet?
really it's i am sweet

so zebraskin is actually zebra skin.
When you are looking at custom license plates and it says iamsweet
and you are thinking who is Iams Weet?
really it's i am sweet.

so zebraskin is actually zebra skin.
by Miss Teriously December 02, 2010