Q: An Apple/Mac user sent me a ".webloc" file -- what do i do with it?
Q: How do i open a .webloc internet shortcut in Windows?


Answer:

WEBLOC is short for "web location".  It's the Mac equivalent of a .URL file or "Internet Shortcut".
Update - Feb 18 2011: WebLoc Translator v2.0 released
    - Reduced size and increased speed - a lot.
    - Improved installer compatibility with Windows Vista/7.
    - Added un-installer to Windows Control Panel.
    - Translator now displays a message when an error occurs.

This software is provided as-is and free-of-charge, with no guarantees or technical support.

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