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[The Fed]

What's a "live topic"

 

[shaunraney]

A post has been made with in a set time limit, probably 30 seconds to a minute. A notification will show up at the bottom if new replies appear while you are in the thread.

It's some vbulletin addons I believe.

 

[VDubVirus]

Like the above said. Basically, it's an active conversation.