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interwebz point 

Interwebz points (or interwebs points) are an unofficial currency of internet chatrooms and discussion boards. They don't count for anything, but some folks still "collect" them as a badge of honor. Originally used positively as a means of recognizing another's kindness, may also be used sarcastically to highlight another's status as a noob.
Thanks for the awesome vacation suggestion, TheTopDog, +10 interwebz points for you. ASSMUNCH1337, your suggestion sucked, -1,000 interwebz points for you.
The large network linking computers across the globe, also referred to as the internet and the webernet. Usually used by people who speak in 1337.
I am teh 1337 H4xo|2 on t3h Interwebz!!!11!!one!!
(I am awesome on the Internet)
interwebz by Dustin Gunnarson January 7, 2008

Teh Interwebz 

Colloquial form of the Internet, sometimes encountered in group chat spaces.
ftw n00b! you breakin my flowage chattin on teh interwebz! foad!
Teh Interwebz by Morden June 17, 2008
Are you going on the interwebz?
interwebz by Anita Vachinas July 5, 2009

interwebbed 

Having successfully completed a session of doing whatever you wanted on the internet.

Present tense is "interwebbing", the act of currently being online and fulfilling your online needs.

Derived from "interwebs", which may have came from "interweb", as well as "internets", which was obviously from "internet".
After having checked my email/myspace/rvb/facebook/news/<insert other regular online activity here>, I felt well-interwebbed as I quit <insert browser name here>.

I interwebbed for 3 hours today. It was fun.
interwebbed by scubadiz August 13, 2008

teh interwebz 

the internet; often used in conversations that denigrate the quality or reliability of information that can be found on any given subject through the use of search engines.
"I read on Wikipedia that dude died last year, but there he is on that live talk show. WTF?"
"Oh yeah, you read it on teh interwebz so it must be true, right? </sarcasm>"
teh interwebz by bedazzlecat April 20, 2010