An AP is an Annual Pass. There is also a PAP or Premium Annual Pass. The AP lets you enter any of the four parks unlimited times for 366 days. The PAP lets you enter all the four parks, the two water parks, Disney Quest and Pleasure Island unlimited times for 366 days. The AP runs about $350/yr. The PAP runs about $450/yr.
If only they were that cheap again. New AP is $392.99 and a new PAP is $520.81.
AP/PAP's can be purchased at any ticket booth or Guest Relations window at WDW, Guest Relations at DTD, from 407-WDISNEY, from most TDS, from both Disney's Earport shops at Orlando Airport, from the Ocala Information Center in Ocala, and from several Disney-owned mall outlet stores in the Orlando area (Character Warehouse, Character Premiere, etc).
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