What exactly is a "toplist"

[LowryBigwood]

It's basically just another way of building traffic and ranking sites on the toplist based on the hits they send. The more visitors you send, the higher position on the toplists you will get which usually means more traffic back.

It can be general or niched, but isn't really like a link list. Instead of trading links, it's more like trading traffic. A newbie could easily use one to try to build a little traffic.