[hot-rodder talk]
1. Used to introduce the underlying implementation of a product
(hardware, software, or idea). Implies that the implementation is not
intuitively obvious from the appearance, but the speaker is about to
enable the listener to {grok} it. "Let's now look under the hood to
see how ...."
2. Can also imply that the implementation is much simpler than the
appearance would indicate: "Under the hood, we are just fork/execing
the shell."
3. Inside a chassis, as in "Under the hood, this baby has a 40MHz
68030!"
[glossary]