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So... Steampunk is... well it is usually Victorian or Dickensian in style. The technology involved within the Steampunk world is usually powered by steam...hence the name. Other than that the world is your oyster.
Think of films like The League of Extraordinary Gentlemen [also graphic novels], Treasure Planet [Steampunk's answer to Treasure Island] or to a slightly lesser extent Van Helsing [three words - gas powered crossbow]. And the US TV programme Warehouse 13 has a Steampunk feel to it.
Whilst looking up Steampunk I came across an article by writer Richard Harland where he describes Steampunk as 'speculative fiction, not historical fact'. You can read more about writing in this genre by clicking here to see the rest of the article.
There are a number of other sub genres like Steampunk including Cyberpunk and Dieselpunk. But I think Steampunk was the original in this vein.
To give you a little more insight in to the workings of Steampunk here are some links to just a few blogs and websites on Steampunk (not just writing it, but reading it and living it):
The Steampunk Workshop
The Steampunk Shipyard
The Steampunk Home
So I know that wasn't the most comprehensive post on Steampunk but I promised you a post on it and here it is.
And now that I have written the word steam so many times, to me it no longer looks as though it is spelt correctly!