Here are a few for you.
General terms
POT - Potentiometer. The thing that goes behind a knob, used in many analog controls, some spinners, for volume knobs, and on monitors and PCBs for fine controls.
Switching power supply - The style of power supply that comes in a metal box. These USUALLY provide +5, +12, and -5. That is not a hard and fast rule though, some of them also do +24, and units that ONLY do +5 or +12 exist in some older games. These power supplies are most common in newer games, although I have seen games as old as 1980 equipped with them from the factory (usually import games, school desk cocktails, Sega Turbo, etc).
Linear power supply - A power supply that is a PCB or that is part of an isolation transformer assembly. These are technically superior (they put out cleaner power, and can operate without load), but are seldom used these days. Most older games have these, although they are common in gambling games made right up until the present time.
Reunion stick, Ms. Galapac stick, Ms. Pac replacement - Terms used to refer to the "Ms. Pac-Man/Galaga Class of '81 replacement joystick" sold by Happ controls. This IS NOT the exact same stick that actually shipped in those units, but it is very similar.
Mounting plate - Usually refers to a piece of metal used to mount a joystick or trackball on a wooden control panel, but can also refer to a metal plate that holds multiple PCBS in an older game that used a larger amount of boards than usual.
Coin mech - The metal (or plastic) rectangular looking assembly that pops inside a coin door and actually does the job of either accepting or rejecting the coins. This term can also mean the entire coin acceptor assembly, but ONLY when it comes to games that did not locate their coin mechs on a door.
The above term is often confused with the following.
Coin door - The metal door assembly that actually holds the coin mechs on most machines.
MDF - Medium density fiberboard, also known as the heaviest substance known to man, and one that is often chosen by BYOAC members to build their cabinets out of. I have no idea why, I don't think any original cabinets were MDF.
Wico - A manufacturer of arcade controls. They are usually only referenced when talking about their old products (they USED to make the best arcade and console joysticks on the planet, but not anymore).
A few title abbreviations
SF - Street Fighter
MK - Mortal Kombat
KoF - King of Fighters
BM - Beatmania (or Bemani).
EDOT - Environmental Discs of Tron
DL - Dragon's Lair
SA - Space Ace
DDR - Dance Dance Revolution
SI - Space Invaders
AD - Asteroids Deluxe
SD - Space Duel
MVS - Neo Geo Multi Video System
DECO - Data East, usually in reference to their old cassette system.
Trilogy - Star Wars Trilogy Arcade
GT - Golden Tee Golf (usually in reference to the NEWER versions and not to the original one).