Anonymous's LOIC is a great example of this kind of attack. Essentially, you go for a different kind of amplification than you do with 3/4 attacks -- it's "time amplification", where a small http request can hit a URL and cost huge amounts of time on the server. e.g. an unindexed search. It's actually possible to kill some webapps with a single web browser just by hitting "expensive" URLs repeatedly -- can even be done manually in some cases.
There are a lot of ways to protect against this -- rather than pure pipe capacity, you generally want something like a Web Application Firewall (WAF). You also generally want to tune your web app to expose only "safe" urls, or to put captchas or logins in front of "expensive" URLs.