In the world of texting and smileys, it is the symbol for a tackle hug; where the "/" is the person's diving body, and the "<" is their outstretched arms. AKA a really big hug. Invented by Cassandra Ruiz in 2009
bf: i was going to surprise you, but i'm coming home early from college.
bf: yup =]
gf: yayy /<