LOL! I gotta remember that term!
What IS a snipe?!!

No no no no....Sniping is what savvy buyers do on eBay when they buy an item with bids on it in the last seconds of the auction.
Um..what?! How do you even know about summa cum laude if you're only 17??? O.o
Ah, so you must have majored in Snipal Science.