A URL Shrinker is a webapp that allows you to input a very large URL and it'll output a short URL with which you can distribute to your friends and family. The advantage to shrinking a URL is that you can verbally relay it to people or email it and not worry about your mail client word wrapping the URL (and thus breaking it).
I wrote my original URL Shrinker in PHP and decided to port it to ASP.Net since its such a nifty little app.
Here's the article on how to implement your own: http://blogs.msdn.com/kgrey/articles/URLShrinker.aspx