1.
A wanna-be hacker, but lacks the technical skills and talents required to be a real hacker. Lackers use code or programs created by others (real hackers), convinces himself that he has somehow reached a level of technical ability simply on the fact that he was able to run or compile the code. Yet, he does not have the capacity to create anything original to solve real problems.
Note: In this description, the word Hacker is used in the broadest sense to include all individuals technically capable of solving non-intuitive problems in a seemingly intuitive manner. This includes both white-hats, black-hats and all gray shades in between.
Historical origins: I personally originated the word around September of 2005, after solving a technical problem created by one. I was in my car discussing the situation with an associate and found the need for the word.
Jerry is such a lacker! He thinks he's cool just because he was able to use an open sourcetool to crack the WEPkey for his neighbor's wireless network.
See lacker, hacker, slacker, whitehat, blackhat, programmer, software, genius, narcissist
2.
A general term given to someone who is 'lacking' in various areas (e.g.: penis size)
Gay Male 1: Are you going on a date with lacker tonight?
Gay Male 2: >:(