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PSP Lite 

Otherwise known as the PSP-2000, or the PSP Slim, released on September 6th, 2007, it is 19% thinner and 33% lighter than the original PSP system (reduced from 23 mm to 18.6 mm and from 280 grams (9.87 ounces) to 189 grams (6.66 ounces))

Also, PlayStation (Sony)'s response to Nintendo releasing the Nintendo DS Lite, a lighter version of the Nintendo DS.
Not only is the PSP Lite alot lighter, the screen is brighter and the battery last longer!
PSP Lite by RawrItsPanda October 23, 2009
Related Words
One of the only piracy websites to not get shut down by the FBI even while giants like the Pirate Bay are taking the heat. The website has links to terabytes of warez makes any pirate a feel like a kid in a candy shop. If u want anything its there.
Nerd: Where do you download your movies man?
Nerd2: PSP ISO

Johnny Windfall: Where do you download all your psp games?
Grandma: PSP ISO

Dark Alex: Who is ruining all your business?
Sony: PSP ISO
PSP ISO by darkc89 April 27, 2009
Now you know, A new PSP arrived,The PSP "Slim & Lite" this new PSP is Faster, Stronger, And More Slim than the old PSP.
So now, to call the old PSP you can say "PSP Fat", it's not because the psp fat is bad, but the old psp is fatter than the PSP Slim & Lite.
"Eh Andy, i Bought the New PSP"
I don't care i already have my PSP fat
PSP fat by The Sony Hater September 23, 2007

psp porn 

The act of using the Internet feature on your PSP to go to dirty sites watch porn such as 89.com. Sometimes, the user may click the "save" link on the pictures and store them to their PSP's memory stick so they may be away from an access point whilst giving themselves pleasure. People watching psp porn could be found at the internet cafe, panera bread (or any resturant that has free wifi access), hotel rooms, or even the public library. A dead give away is when they have a sketchy look on their face and are huddled in the corner in attempts to hide.
The other day, Elliot was trying to watch PSP porn at the library down town. It was a shame he was caught in the kid's books section.
psp porn by prof. frink July 13, 2006
when you are playing your PSP or see someone else playing their PSP
"Look at those fuckin losers PSP'ing over there. God, I wanna kick their ass!"
PSP'ing by supastah August 17, 2007