I mean, how is it useful as bookmarks, social or otherwise? Are you able to save something so you can return to it later?
There are lots of bookmark lets that have nothing to do with bookmarking. It's just a way to execute some JavaScript in the context of a page.
Most of the sites there aren't social bookmarking, either. SU has the functionality, though.
For what it's worth, I'm the one who coined the term.