It occurs to me that WOOT (as in the Website that calls itself that) stands for We Offer One Thing. They offer one great deal every day starting at midnight. I just thought that made sense!
Of course, it could be that it stands for what of our things (would you like)? Or, would our offers top (this?). Whatever Our Owners Think! It goes on and on.
Woot, WOOT: My vote is it stands for We Offer One Thing!