encyclo - 12:23 am on Jan 26, 2008 (gmt 0)

After 5 days, you have to actually pay for the domain.

Except you don't ever have to pay if you continually drop and then pick up the domain again for another five days, ad infinitum. Recent lawsuits over cybersquatting typo domains showed the methodology of passing domain portfolios between nominally different registrars who are in fact associated entities. Imagine a million domains which you never pay for, each earning $1 a year.