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What is an implosion?

What is an implosion? Here are some definitions.

Noun
  1. The inrush of air in forming a suction stop.
  2. The action of imploding.
  3. The act or action of bringing to or as if to a center.
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Examples
Maloney said that one of the major effects of the dotcom implosion was to rid the market of unprofitable and uncompetitive firms.
Consumption is only now beginning to approach the level where it had been at the implosion of communist power.
The point is simply the implosion of the system, the swarming strangeness of others, the futility of organizing inquiry.
The engineers had decided that faster demolition, using implosion methods, would not be an option in this case.
Jonathan Beck has interpreted this manner of literary and musical composition as the implosion of a formal system through radical self-reference.
For much of 2001, private equity firms had to deal with a soft market sparked by the fallout of the dotcom implosion.

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