Stands for End User Liscence Agreement. It's a contract that allows a company to do everything from install spyware on your computer, to simply fuck in the ass.
Person 1: I bought a Sony BMG CD and they made me accept an EULA that said they could install viruses on my computer!
Person 2: You got fucked in the ass!
Person 2: You got fucked in the ass!
by raccoon2k November 15, 2005