A web widget is a small piece of cut and paste code that enables a non-technical web publisher to easily pull in content and display it or add interactive features.
Badge Capsule Gadget Module Mini Snippet What’s in a name? Flake
The Web is increasingly turning into a sort of online Home Depot with its shelves lined with thousands of useful, off-the-shelf parts of every description and utility. Source: http://blogs.zdnet.com/Hinchcliffe/?p=80