Displaced vortex states
With a cool name like "displaced vortex states" who really cares what it does.
Anyway, according to this Science Daily story a displaced vortex state is microscopic magnetic state that could lead to superior computer data storage.
It also leads to images like the one below, which is not (though you'd be forgiven for thinking otherwise) a close up shot of a fly swatter.
Check out the website for the original press release here.
Whatever will those goofy magnet scientists think of next?