l00t

Stolen or pillaged valuables.

his corpse had some sweet l00t.

l00t

with "0"s, not "o"s, it's l33t. And l00t is therefore useful and/or valuable and/or interesting hacked information of some kind, or a good weapon/powerup in a game.

W00T! Th1$ gu4rd h4d $0m3 w1(k3d l00t! Ultr4 ph4$0r!

l00t

A cross between "lol" and "w00t". A celebratory laugh, if you will. Used when you're celebrating something funny.

Hey, I just did something amazing and slightly humourous, l00t!

phat l00t

A World of Warcraft term, meaning awesome items the greatly increase the usefulness of your character.

"Holy shit! The entire Bloodfang set dropped and was given to one rogue!"

"PHAT L00T!"