Confused about unlimited Bandwidth

Big on Hosting. Unlimited Space & Unlimited Bandwidth

I see that many Web Hosting companies offer unlimited bandwidth, what I might think that they are offering versus what they actually offer might something different?
I have read that some users have had notification from there Web hosts that they the website have exceeded a monthly allotment and the website is now metered, for whatever that means?

Could some people with knowledge regarding how some Web Hosting companies view unlimited bandwidth kindly reply to this request.
Or maybe I am just mistaken?

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