Channel
Channel is an ability word indicating that a card may be discarded for an effect. It was introduced in Saviors of Kamigawa.
Channel is written "Channel -- {Cost}, Discard this card: {Effect}."
Channel was featured only on spirit creatures. Flavorwise, Channel represents spirits gathering all of their energy and using it for a one-time special effect. It has an interaction with Epic and Soulshift; Channel abilities are often similar to real spells, but you may play them after playing an Epic spell. Soulshift allows you to reuse Channeled cards.
Examples
Arashi, the Sky Asunder {3}{G}{G}
Legendary Creature-Spirit
5/5
File:Manax.gifFile:Manag.gif, {T}: Arashi, the Sky Asunder deals X damage to target creature with flying.
Channel -- File:Manax.gifFile:Manag.gifFile:Manag.gif, Discard Arashi: Arashi deals X damage to each creature with flying.