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It refers to not enough time for the snipe to be placed with Ebay.
quote:
Not in Time We sent your snipe to eBay at your requested time, however eBay did not accept your bid until after the auction ended. This occurred because you set your lead time well below our recommended 7 seconds, or excessive internet traffic prevented your bid from going through in time. This problem is nearly always caused by eBay and is beyond our control, but we do all we can to lessen the chance of this happening. In fact we monitor eBay's response times and compensate automatically. So rest assured that we are doing all we can and are giving you the highest chance of winning because of our automatic adjustments to compensate for eBay's current speed.

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