When a basic bitch hasn't done her squats right and she ends up with a squarebooty. not to be confused with the trooty which is of a more traingular shape'
The difference between "squoot" and the more commonly used "w00t" is in its element of fangirl/boy-ishness. Thus, it should be used mostly in a fandom context.
Squoot: when squee is too wimpy and w00t just doesn't cut it.