GrabFS is a new MacFUSE-based file system that creates a screenshot file system to show all your running applications. GrabFS is the brainchild of Amit Singh, who also developed Mac-FUSE, a Mac implementation of FUSE which will mainly be familiar to Linux users.
GrabFS works by creating a new drive volume which contains a folder for each running application. Inside each of those folders you'll see a .tiff screenshot for each open window in that application.
As Singh explains:
GrabFS is admittedly not something you need, or even all that useful, but it does provide a nice proof-of-concept for some of the things you can do with MacFUSE and for some reason we think it's cool. Obviously GrabFS requires MacFUSE, which you can grab from its home on Google Code. GrabFS also requires OS 10.5.
[via Reddit]