An acronym for "Was it worth it?" Usually said to make fun of someone after they screw up when trying to do something meant to look awesome.
"Damn, that was a nasty fall."
"Yeah, backflips are hard. My ass hurts."
"Hey, man, can I ask you something?"
"What?"
"Wiwi?"
"Aw, fuck you, man."
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A combination of preview and trailer, as in a movie preview/trailer.
Edward: What's the difference between a preview and a trailer?
Harry: I don't know. Just call them prailers. I looked it up on urbandictionary.