We Owned Other Team, though it doesn't always mean that.

No but I have heard of it referred to as an expletive in terms of congratulationary terms that it is an honorary salute to someone.

from urbandictionary.com 1. woot Woot originated as a hacker term for root (or administrative) access to a computer. However, with the term as coincides with the gamer term, "w00t". "w00t" was originally an trunicated expression common among players of Dungeons and Dragons tabletop role-playing game for "Wow, loot!" Thus the term passed into the net-culture where it thrived in video game communities and lost its original meaning and is used simply as a term of excitement. "I defeated the dark sorcerer! Woot!" "woot! i r teh flagmastar!" (Think Tribes) "Woot, I pwnzed this dude's boxen!'

W00T Root (hacker slang) W00T Wonderful Loot (Everquest) W00T We Own the Other Team (gaming) http://www.acronymfinder.com/af-query.asp?Acronym=w00t&Find=find&string=exact

waffles,orange juice,oatmeal,toast

first of all, i don't think that something with zeros instead of o's really qualifies as an acronym. regardless, here's a few popular ideas for the meaning of w00t: 1. woot Woot originated as a hacker term for root (or administrative) access to a computer. However, with the term as coincides with the gamer term, "w00t". "w00t" was originally an trunicated expression common among players of Dungeons and Dragons tabletop role-playing game for "Wow, loot!" Thus the term passed into the net-culture where it thrived in video game communities and lost its original meaning and is used simply as a term of excitement. "I defeated the dark sorcerer! Woot!" "woot! i r teh flagmastar!" (Think Tribes) "Woot, I pwnzed this dude's boxen! 2. woot See also wOOt, w00t and WOOT 1) An interjection similar to "YAYE!" or "Woohoo!" used to express joy or excitement, usually about some kind of accomplishment. Primarily used by gamers, spreading rapidly to anyone who chats online Gaming origins: We Owned the Other Team or Wonderful Loot (Everquest gaming slang) 2) To express agreement 3) As an acronym, can mean Waste of Our Time or Way Out of Topic (online forums) Less common. 1)woot! I got an A on this test. 2)Robyn: Eric is such a tool. Let's put packing peanuts in his desk. Stefanie: woot! 3. woot A word originating from the old D&D games, was used to express excitement when finding treasure, the player would say "Wow loot!" thus over time turning into "w00t" in the videogame world, as a form of satisfaction or victory.. "Wow loot!" -- Originating from D&D days.. 4. Woot Before ALL of that, woot was a happy noise made by certain Monkees and Guinea Pigs when they are happy or content. Net nerds like to take credit for creating stuff that they only adopted. But I know better. I've heard those monkets. And they're happy. woot. Kristy walks in the door from a long day of work and her Guinea Pig, thrilled to see her, asks "Woot? Woot woot? Woot." 5. Woot To exclaim excitement I passed my test!Woot! 6. woot Actually, the word woot is much older than EQ or 80s hacker lingo. It is a middle english word meaning "know" or "knew." Verrily, Sir Nag. I woot his uncle, Barnabas.

I have never heard of it used as an acronym. Part of that may have to do with the fact that I know of no words that start with the number zero and w00t is NOT spelled with the letter O. Not properly anyways.

"W00t" was Merriam-Webster's Word of the Year for 2007. According to Merriam-Webster's president, John Morse, "w00t" was an ideal choice for the Word of the Year because it blends whimsy and new technology. There is a full discussion of the development of the word in the wikipedia article: http://en.wikipedia.org/wiki/W00t