Ahh nevermind, here’s an even better description from a Trek patent:
http://www.patentstorm.us/patents/6924021-description.html
The frame for a Trek OCLV 5500 bicycle, for example, is formed by joining a set of composite fiber tubes to a set of composite fiber lugs. The tubes are those portions of the frame that form the top tube, down lube, seat tube, chain stays and seat stays. The lugs are the irregularly shaped portions of the frame that form the head lug, seat lug and bottom bracket lug. The lugs are preformed and pre-cured articles fabricated from a composite fiber material comprised of overlaid layers of unidirectional carbon fibers embedded in an epoxy resin. Several layers of material are stacked on top of each other so that the fibers of adjacent layers cross over one another. The stacks of unidirectional fibers are cut into shapes called preforms for molding into a particular lug. The preforms are placed in a mold and arranged around an inflatable bladder. The assembly of preforms is then heated and cured, with the bladder pressurized for urging the respective preforms into the shape of the mold. This method of fabrication provides a high laminate compaction having low voids, which results in a strong, uniform, thin walled, tubular lug. The composite fiber tubes may be formed by a similar method. The separate tubes and lugs are then glued together to construct the frame. Further details of this method of making an all-composite bicycle frame are disclosed in U.S. Pat. Nos. 5,624,519 and 6,270,104 assigned to the Trek Bicycle Corporation.