I think I mite be able to answer this for you. A mite is really a pesky little bug that can only be seen through a microscope. A lot of people are allergic to dust mites, myself included. It can also be a coin that is worth very, very little. You can find more information here: http://www.ask.com/web?q=dictionary%3A+mite&content=ahdict|37740&o=0&l=dir