The acronym for the multi-purposed phrase 'Fuck that weak shit'.
Currently gaining popularity with on-line chat users and text messagers everywhere.
Anon: B gd 2 c u sumtime m8
Nap: You can only communicate via text-talk? FTWS! See ya never.
Anon: Hey did you see who won best British band at the NME awards?
Nap: What? The awards as sponsored by Shockwaves hair products, because image is more important than anything else? FTWS!
And shame on you for thinking I'd be interetsed. In fact, I'm dying of disinterest as I type... quick, call me an ambulance.
Anon: I'm really gutted that I can't make it tomorrow, but work is so frikkin' manic right now.
Nap: FTWS! Pull a sickie...
Anon: I'm a bit worried because I've just passed a very pale, soft, limp stool. What do you think I should do?