Is there pain on resistance of the tricep? Or pain on movement?
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Sounds like an effusion at the moment, where on the triceps is the pain? Towards the elbow or the shoulder?

Thanks for the welcome and an answer! Most appreciated!
Strangely, there is no pain directly from moving or even linear to force production. Just an ever-present irritation in my elbow. It's a rather diffuse pain, not well confined within one specific muscle, but felt throughout the elbow and reaching 5cm or so up the lateral tricep (More toward the tendon). Following any tricep activity, the pain gets worse after 15 minutes or so. A small lump has formed on the lateral tricep, 3-4cm from the elbow. The 'pop' appears while exerting force in an bench-press-like movement at about 100 degrees angle between upper and lower arm, which by coincidence is the exact same angle as that fatal lift-off.

Additionally what Have you done so far?
I've attempted to have an Wikipedia reference-linkMRI, but I will probably have to wait forever for it.
I was concidering HGH to increase collagen synthesis, but it's too expensive. Yes, I am desperate. In sum, all that has been done thus far is not doing any pushing-motions or triceps training, and putting on an ice pack every day (this seems to help a bit). I haven't used any COX-2 inhib. yet, because I read a study saying it isn't benefitial the first 10 days of an inflammation and makes tendons brittle. I don't know if that's even true .

Oh, and ye, what is an effusion, and can I do anything about it?