A once powerful word thrown in to keep shit chill but was recently misused without context and destroyed by a legend. This was one of the biggest oofs mankind has witnessed till date.
A scaled-down version of a software product, offering only a limited set of features, often free, otherwise much cheaper than the full product.
This is often used as a way of getting buyers who are interested to pay for the full product when they wish to use the features that the lite version does not support.
Sometimes there is a lite version of a product that even has a free version with more features, but not everybody requires these features.