Bidding on an eBay item minutes or even seconds before the bidding ends, usually only a small amount above the current bid. This bidding method is recommended when there is quite a number of bids already placed on the item.
Joe: Hey Fred! Did you manage to get that bike off eBay?
Fred: Nar man... I was bid sniped. But that figures, there was like 20 people bidding on it
The ridiculous amount of bids that floods a popular item in an eBay auction within about the last 60-30 seconds. This usually results in you losing the auction.
"I almost had that limited edition baseball card, but someone else got in the the bid storm right before the auction ended."