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 ;)"
The trap one falls into after purchasing and becoming proficient at using a single Apple product thus leading to endless, and completely unnecessary, purchasing of additional Apple technology for no apparent reason.
“Oh dayyyyyyum! You got the newiphone, ipad AAAAND a macbook pro?! Homie, you fell into the Appletrap head first!”
She: (interrupting with enourmous speed) –it's da best. you should get it. it's hilarious! you seen that? - i took a picture of you now you look like lady gaga! i twittered it to my facebookfriends. they love it.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.