1. i.e. Abbreviation of Latin 'Id Est' meaning "that is" (to say).
2. Abbreviation of Internet Explorer - often proceeded by the version number. A software application developed by the Microsoft Corporation used to browse the world wide web (www).
Microsoft's crap attempt at an Internet browser. It's very basic design means many viruses are able to infect your computer easily along with lots of spyware and adware. Smarter people chose to use other browsers like FireFox, Operah and Safari.
Person 1: Oh crap man, my computer has 7000+ viruses
Person 2: That's because you use IE ¬_¬
Fail.
Basically a "thumbs down" for Microsoft Internet Explorer, the worst internet browser ever created.
If you use IE, you fail. FAIL!
Josh: Oh man that dude is IE
Emily: IE?
Josh: You know that browser developed by Microsoft Emily: Oh that browser is FAIL
Josh: Exactly
Emily: I get itnow (laughs)