Being an ass to get reactions out of people and then laughing at them for taking things way too seriously over the internet.
Some people call it trolling or baiting, but it is neither. E-baggery elevates itself to a class of intelligence, being the internet equivalent of satire. The idiots just get left behind.
"Dude, did you see the comment I made on Jane's myspace? It made her cry."
"You're such an e-bag, man." *High-five.*
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"I have a BS in E-baggery."
A small piece of information. Derived from the word ken, used often in the scottish language and is synonymous with knowledge.
Person 1: "Hey I don't get this shit. How do you solve this problem?"
Person 2: "I got that one. Give me some kenlets on this assignment and I'll help you w/ that one."