Found this on a website (http://seoart.net/2008/03/24/the-traffic-exchange-secrets-to-unstoppable-traffic/): Hope this helps Splash Page Splash pages are fast loading pages designed to get better results using the traffic exchanges. Remember always that the person viewing your page is primarily concerned with generating traffic to their site and want to do so in as little time as possible. If you have a great big long page with your offer no matter how well written the odds are against you. You need to do something creative that will grab their attention quickly. Squeeze Page A squeeze page is used like a splash page but with an email capture form on it from an auto responder. The best way is to find a product or write an email series to give away to get them to join up to your list.
I think of a splash page as a front door welcoming type page and a squeeze page as a page that funnels people down to the bottom of the page in order to get their email address through a form