That which we call leadership by any other name would still be as great

OK, OK, enough with the Shakespeare already!

But, seriously, what's with the word "leadership"? I've heard from many that this word can be intimidating, is over used, doesn't describe what a person does...and the list goes on.

Dictionary.com (retrieved 8/18/08) defines it this way:
lead·er·ship /ˈlidərˌʃɪp/
–noun
1. the position or function of a leader: He managed to maintain his leadership of the party despite heavy opposition.
2. ability to lead: She displayed leadership potential.
3. an act or instance of leading; guidance; direction: They prospered under his leadership.
4. the leaders of a group: The union leadership agreed to arbitrate.

How do YOU define leadership? Are you a leader? What makes you a leader?