Snapchat's dancing hot dog is taking the internet by storm

Augmented reality is a technology full of promise. There are so many exciting possibilities for the future of AR that Apple CEO Tim Cook has said it makes him want "to yell out and scream."

It has also birthed a juggernaut of a meme.

If you've spent any time on the internet over the past few days, you've likely seen come across a 3-D rendering of a smiling hot dog wearing headphones and jamming out to some tunes. This hot dog, one of many available Snapchat AR filters, has taken the internet by storm and captured the imaginations of comedians and meme creators.

Here's what you need to know: