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Lite is a variant spelling of "light", a concept of weight, and may refer to:
Diet food or diet beverages:
Diet soda, a diet version of soda pop
Low-alcohol beer or low-calorie beer (or beer low in both)
Miller Lite, a brand of light beer
A simpler version, or subset, of something (especially software), in which complexity is forgone for the sake of easier application (or modified application); for example:
Crippleware, software that purposely has some functions removed
Adobe Flash Lite, a simpler version or subset of Adobe Flash Player
Nintendo DS Lite, a slimmer, brighter, and more lightweight redesign of the Nintendo DS
Kazaa Lite, a simpler version or subset of Kazaa
Lights (cigarette type), a cigarette with a milder flavor.
In the manufacturing of various products (for example, windows, doors, automobiles), "lites" refers to the pieces of glass that are cut, prepared, and used to create the window or door (related terms: toplite, sidelite, backlite)
Lite-Brite, an electric toy made by Hasbro that allows lit pictures to be created
Lite (band), a Japanese band
Louisiana Immersive Technologies Enterprise based in Lafayette, Louisiana
Green Globe Lite - Sustainability, Carbon Measurement and Benchmarking
Deee-Lite, a house and club/dance music group formed in New York City, USA
London Lite, a British free newspaper that was available Monday to Friday afternoons and evenings from street distributors in London until Friday, 13 November, 2009.

From Wikipedia