i-Phive 

The act of holding aloft, and gingerly touching your screen with that of a fellow iPhone or iPod user.

When Nathaniel saw the cute girl next to him using the same app, he gave her a friendly i-Phive.

i-Phive by Timinator62 November 1, 2009

iPhive 

The coolest way to name the next gen smartphone from that big fruit company.

-Dude can I use your IPhone?
-It's no Iphone man. It's an IPhive!

iPhive by Gnarly_G December 2, 2010