cool for people too damn lazy to type an extra letter.
Person: We're having a party
Lazy twat: Kwl.
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It is short for cool. Lazy people use it, or those who have a fear of words with four letters in them...
Person 1: owz u?
Person 2: Fine thanks, you?
Person 1: yeh im kwl
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Term used to acknowledge ones interest and also confirm they agree.
Equivalent to "hmm interesting, yes"
G1: yo we're heading to a dank party at 7, you down?
G2: cool kwl
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