Seth Godin neologizes: 

So, very soon, you will own a cell phone that has a very good camera and knows where you are within ten or fifteen feet.

And the web will know who you are and who your friends are. What happens? Well, when you take a photo, you can automatically send it to the clowd. The clowd can color correct and adjust the photo based on the million other photos it has seen just like this. [Debbie wonders, isn't it called a "cloud"? I guess I was subconsciously coining a new term--which I so rarely do--this time, combining crowd and cloud into something new. I think I like it, even if it is a bit artificial].

I first thought the term was an insult (because it looks like a blend of clown and clod), but it's not. Clowd combines crowd (as in crowdsourcing) and cloud (that haze of data and connections that exists "out there" on the Internet).