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Given the circumstances of the disappearance of Malaysia Airlines flight 37, it's not very surprising conspiracy theories have popped up.

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1. Aliens are involved.
2. The passengers are still alive: Families awaiting news about lost loved ones have told reporters they are able to call the cell phones of their missing relatives, and have said they can also see their instant messaging service accounts remain active online.
3. There's a Snowden connection.
4. Iranians kidnapped engineers.
5. Passengers were taken to Pyongyang.
6. The Illuminati is involved: “Was looking at the Wikipedia page for the missing Malaysia Airlines, and noticed that it's was [sic] the 404th 777 Boeing produced,” Redditor i-am-SHER-locked wrote.
An HTTP 404 error mean [sic] not found, which in this case is oddly approiate [sic] for the status of the aircraft, or just a concidence [sic]. Coincidence, i think not!”
7. There's a new Bermuda triangle

8. The plane is in Vietnam, where it is waiting to be used as a weapon.
9.
The objects found by Vietnamese Navy didn't belong to the Malaysia Airlines jet. The nuclear bomb theory gets the attention by the US Intel.
— Angela Stalcup (@Angela_Stalcup) March 10, 2014
Source and more elaboration on the conspiracy theories.
If you want to read more logical and sane explanations of what could have happened, check out the AP's report. Also: Crowdsourcing volunteers comb satellite photos for Malaysia Airlines jet.
Thousands of aspiring good Samaritans are volunteering their time to scour part of the plane's search zone using detailed satellite images posted online by DigitalGlobe, a Colorado firm that owns one of the world's most advanced commercial satellite networks. So many volunteers have joined the effort that the firm's website -- with its pinpoint pictures of everything floating in the ocean -- has crashed. It is a busy week for "crowdsourcing," the Internet phenomenon where information is gathered from John and Jane Q. Public -- people like you -- and from your social media postings.