U.F.O. stands for: Unidentified. Flying. Object.
It's what all the phoney pics and such are all about, aliens, outer space, etc.
Farmer Billy: "Pops, I think I saw myself a U.F.O. last night"
Farmer Tom: "No sonny, there is no such thing as aliens"
Normally used when someone get's 'pwned' or 'owned'. It's a internet slang word for idiot.
Person 1: "So I realised I was dlling the wrong torrent"
Person 2: "lolnub, get it right next time"
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