When one adds a comment to a joke that exceeds the point of necessity and butchers the original comment that was found funny. The acronym directly stands for, "Over The Top".
John: Ohh dude I just pwn3d Andy with that kill in Halo!
Ralph: Hahaha yeah dude that was sick.
John: T-BAG!!!!
Ralph and Andy simutaneously: OTT.
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An extremely intelligent, sinfully good looking and uber-kind group of people...
There goes Brad Pitt, he's rocking the Otts.
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The OTT (or colloquially "the O-double-T") stands for Over The Top.
Taking the name from Sly Stallone's 1987 celluloid tour de force about a man earning his estranged son's love through arm wrestling, it is an advanced form of the Eiffel Tower Play. Instead of slapping high fives over the double stuffed ho the two gentlemen engage in an arm wrestling contest.
"Alright bro, I'm balls deep. Let's go OTT on this bitch and loser has to kiss her on the lips!"
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