At least that's the name of a newish website based out of Europe, ILikeTotallyLoveIt.Com. The site takes the best aspects of social news sites like Digg that rely on user votes or recommendations for its content. Rather than news, the area of interest for this site is products. Users submit items for sale online along with a brief summary and the link, and other users can vote on it by deciding that they, like, totally love it.
They've already gotten a lot of good press from places like Wired Magazine ("You won't find mainstream goods here - mostly doodads you didn't know you wanted but suddenly like totally need.") and The Times so I there isn't much more for me to say except that you should take a look for yourself.
I think that I'll probably get a lot of inspiration for the upcoming Christmas shopping season. I mean, how else are you going to find cool stuff like this "Bright Blind" fake window?
On a side note, the hard-working German guys behind the site are currently looking for PR representation in North America. If you're interested in working with them, contact Malte Goesche at malte (at) iliketotallylove it (dot) com.
(Their blog also gives you a pretty good idea of what they are up to)