Item vanish
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Item vanish is a phenomenon that originated in Super Smash Bros. Melee and returns in Super Smash Bros. Brawl.
How to perform the glitch
It is performed, sometimes by accident, when a character is on the ground and is attempting to grab/catch a disappearing item. If the timing of the button press to pick up the item is perfect, the character will begin to grab the item (that is, begin the pickup animation) yet the item disappears before it can actually be grabbed. This can happen with any item that can be picked up, including heavy items. This is how an item affected by the turnip glitch works.
The same effect can happen if the item falls out of reach or is just barely out of range. Another player could also grab the item first.