Multiple Arcade Machine Emulator. It's a software designed to run Arcade games (in rom form) on computers, for the reason you see in my sig (which was taken from the MAME mission statement; I edited it a bit, so that now it fits for emulation in general).
MAME has been in development for 12 years, and it's been improved with every release. As of now, it supports most Arcade games that were released in the 80s and in the 90s.
More info at http://en.wikipedia.org/wiki/MAME --- Emulation's main purpose is educational, as it is to prevent many historical games from sinking into oblivion once the hardware they run on stops working...
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