Thomason: Algebraic K-theory and etale cohomology
Geisser in K-theory handbook, page 213.
Briefly (go back to Geisser later): Start with a presheaf of spectra on some site of a scheme . Then the hypercohomology spectrum of is a homotopy limit of a certain simplicial spectrum. It has an associated spectral sequence.
nLab page on Hypercohomology spectrum