Here it is again ...
Mac Mini: A small trenchcoat worn by midgets.
iWork: What optometrists do.
Jam Pack: An unsuccessful packaging experiment for jam, involving squeeze sachets that were meant to put the jam onto the bread easily, but as it turned out, they also easily put the jam onto the ceiling, the mother in law, the dog and the next door neighbour.
OSX: Dysliexic Grafitti
BYODKM: Bring Your Own Display, Keyboard and Megaphone.
OK, so who has a good one for iPod shuffle, Asteroid, Pages, ThinkSecret, iMovie HD, Soundtrack ... ??