In networks, a runt is a packet that is too small. For example, the Ethernet protocol requires that each packet be at least 64 bytes long. In Ethernet, which operates on the idea that two parties can attempt to get use of the line at the same time and sometimes do, runts are usually the fragments of packet collisions. Runts can also be the result of bad wiring or electrical interference. Runts are recorded by programs that use the Remote Network Monitoring (RNM) standard information base for network adminstration. RMON calls them "undersize packets".
A giant is a packet that's oversize.