Definition of rubber-band:
(v) :
(video games) To keep a computer-controlled character within a limited distance of the player when racing, as if connected by an invisible rubber band.
(v) :
(Internet video games) To move to a previous position due to network lag, as if being held back by a rubber band.
(v) :
To join with rubber bands.
(n) :
(especially attributive) Alternative form of rubber band. [An elastic band made of rubber (either natural rubber or synthetic rubber).]