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Refers to Apple, and its use of capital letters on a word's secondary letter. Usually applied to words beginning with "i" in order to market apple products. Examples of this includes iTunes, iPod, iMac, etcetera. Can also be used in written texts for humurous effect, see example below.
examples of applecaps:
"iHate you bitch"
"iAte your lunch"
"iSpent your money"
"iLove you"
"iHope this is a good definition ;)"
by Firelovesugar February 17, 2009
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