drg: No problem.
Also, note that that in addition to the bypass valve on a full-flow oil filter (which is what I described above), there's another use of the term: one can have a bypass oil filter which, rather than handling the full flow of the oil, diverts (or "bypasses") a portion of the oil flow through a secondary filter.
By not having to deal with the full flow, a bypass filter is often able to use finer media and remove smaller particles than full-flow filters. It's rare on gasoline-powered cars, but frequently used on diesel engines. It can frequently keep oil serviceable for considerably longer intervals than a full-flow alone.