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Punkbuster 

An ancient piece of software the for some unknown reason large publishers like EA still use.

The staff at Punkbuster write their code in Java and only work on it from 9-11 am at the local community college computer lab.

The program mainly functions as a lottery system, if punkbuster works you are allowed to play the game that day.

This helps publishers pay as little as possible for servers as they force large portions of the community offline in a load balancing technique.
Punkbuster wont let me play my game online!

oooh bummer, better luck next week.
Related Words

punkbuster 

A gay ass peice of shit anti-hacking game software. If you do not know a lot about computers or you have vista, chances are if you get a game which has punkbuster enabled for multiplayer, itll give you many errors. yes punkbuster does prevent hacks and most people do not get kicked from it, but its possible that you fall into the small category of people being kicked by punkbuster daily, for no reason at all.
"Hey 1337nub25, like my new server for COD?"

"No, I keep getting kicked by lame ass punkbuster."
punkbuster by aeTRWSTey March 25, 2009

punkbuster 

"Punkbuster Online Countermeasures"

Anti-Cheat software from Even Balance that should prevent people from cheating in the games it is integrated with. Possible source of nuisance because of no backward compatibility, and many updates every once in a while.

See wallhack
When you go play Quake3, and you just started getting on fire, and suddenly you're "forced to spectator mode until PB version updates", you know what time it is.
punkbuster by wuck May 24, 2004

Punkbuster 

An anti-cheating program used by Quake 3 and America's Army. It updates alot, but still talented hackers/cheaters can cheat.
Non Cheater: Man, Punkbuster sucks. I gotta wait four minutes to update, and those losers still cheat!

Cheater: HaH4h4, L0s3rs. 1 5+IlL 0wnZOR yoU! pB 5UcK5!
Punkbuster by CaptainAmerica March 11, 2005
A really long and fat Jobbie (turd) which is too big to flush away and gets stuck in the (Toilet) Pan.
"You'll have to use the outside toilet, Mary's dropped a panbuster in the toilet upstairs and it won't flush away!"
panbuster by George Mac January 31, 2007

Punkbuster 

A Gay community that wants to take the fun out of games.

-187ciHacker.
Is Punkbuster Gay? Yes, they indeed do like it in the ass.
Punkbuster by Hacker. November 22, 2006