1 definition by Katie Bowles

The squeal proceeded by multiple and varied exclamations heard over Ventrillo or Teamspeak when a player acquires rare "loot" or an item they have been lusting after. The release like quality of the scream and exclamations are comparable to what one may hear during an orgasm.
The Prince just dropped Light's Justice, Geraldine is about to have another lootgasm.
by Katie Bowles April 30, 2007

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