passpad

Passpad aims to be a smarter and more secure password manager. Instead of storing your passwords somewhere unsafe, it magically regenerates it on-the-fly every time you need it. See site for more info.

Sounds like something useful for people having lots of online accounts, e.g. you guys/girls! So that’s why the first 500(!) people to sign up using the invite code gobetalist get instant access. Awesome!