Hide your wallets, the Steam Summer Sale is officially upon us. From now until July 22nd, Steam users will be able to fire up the store and scope out some incredible deals. You'll find individual games at 75% off, full collections selling for a fraction of their value and the option to vote on what should be slashed next.

That's right, every eight hours, Valve will update a new voting option so that gamers can pick which title they'd like to see heavily discounted.

A quick heads up if you're reading this post near the launch of the sale: Steam has slowed down tremendously and is under a very heavy traffic load.

My first purchase? Terraria for $2.49.