A conversation exclusively held via e-mail, often occurring in real-time. One user may refresh his inbox repeatedly waiting for a reply to continue the conversation.
Gmail and Gchat blur the distinction between IMing and e-mailing noticeably.
"Hey, listen, I really can't make this a mailversation. You're clogging up my Hotmail."
Netter: Yo, i'm hanging with these RV motorcycle group.
Dude: How'd you meet them?
Netter: I had some E-mailverstations with them, and we decided to meet up.
Dude: Lol, I hope they don't rape you.