How people cash in on stupid internet memes

Cats that play the piano. Morons who dance in famous places. That, says Matt Labash, is the Web 2.0

The word "meme" was coined by Richard Dawkins and is derived from the Greek word mimema, which means: something imitated.
(Image credit: YouTube)

IT'S BEEN TWO decades since I graduated from college, and I'm glad to be back, walking the halls of MIT. Not that I went to MIT — I couldn't have been admitted on a bribe. But I did not come to MIT this spring to further my education. I have come to meet the future, as embodied by the 850 or so cutting-edge types who have gathered here for two days. They are the stars of YouTube videos that went viral and others who've become online "memes," which I'll explain in a moment. There are mover 'n' shaker execs from the likes of Reddit and Google and Imgur, commerce seekers and ad mavens and television producers looking to cash in on the memefication of America, along with all the geeks and academics who celebrate and study this phenomenon.

We're here at MIT for the third biennial ROFL conference. For those sad few of you remaining who still prefer standard English to the Web jargon that is fast supplanting it, ROFL means "rolling on the floor laughing." As its very name suggests, ROFLcon is not a conference that takes itself too seriously. Which it is to be congratulated for. Not that it would hear you if you offered congratulations. Because the attendees here are the worker bees, Internet-famous celebrities, and leading intellectual lights of the universe known as Web 2.0, which is forever, reverentially, and loudly in the business of congratulating itself.

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