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Cloudware — used as early as 2007 to refer to things like Google Maps, normal people will start saying it this year to refer to just about everything.
"AWS It" — putting something on AWS’s S3, EC2 or Turk instead of going the dirt computing route.
Web 11.0 — someone will surely co-opt this meaningless string of syllables in a vain attempt to lend it real significance. Won’t be dull enough to be widely used until mid 2010. But seriously: I had to go all that way to Web 11.0 to find one that wasn’t in some degree of use. Check this out: formal definitions for Web 1.0 through Web 8.0.
"He’s an Abe"* — that
guy — you know the one — who keeps arguing that you need to keep data on a server in house and that you can’t really deal with the downtime imposed by an external service provider’s schedule maintenance window.**
Pie — OK, that’s not PaaS / SaaS or otherwise buzzworthy. I just like pie. 
Any you’d like to contribute? Feel free in comments.
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* Estimated time until we get a cease and desist or whatever on the image above? 9 minutes. Special thanks to Josh Birk for finding the image.
** Cause you know in house servers never go down.