w00t

A common misconception is that w00t stands for "wow loot" or "we owned other team". These are, in fact, bacronyms. w00t originated from the music culture in the early 90s, such as the song "whoot there it is". A more detailed etymology of w00t can be found at its wikipedia entry.

w00t, pronounced to rhyme with boot, is almost universally used as an expression of joy

Letter: We are happy to report you have been accepted to Yale College
You: w00t!

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