The ability to report an event before it has occurred vialive worldwide broadcast or through newsprint. Prereporting also involves contradictory evidence contained within the story that is being reported.
BBC on 9-11-01 engaged in pre-reporting with a newscast that World Trade Center 7 (a.k.a. the Salomon builing) had fallen while the building was still standing, and visible over the newscaster's shoulder.
Primarily for movie goers, the pre-pee is when one goes to the bathroom before getting the movie starts, in order to avoid having to go to the bathroom in the middle of a movie and miss a good part.
(while on premiere line)
A: I heard this movie is dumb long
B: Yeah, 3 hours or something
A: I'm gonna go pre-pee. Hold my spot?
B: Yeah, sure. I'm next though.