MMORPG's such as World of Warcraft use this slang.
Twink: A character with better than average/ the best gear for their level and class.
FTW/FTL: For The Win/For The Lose
Pwn: a.k.a. Own
Also called "gamer speak" and sometimes incorporates l33t speak
Person 1: HORDE FTW!
Person 2: We're gonna Pwn their asses!
Person 1: Dude, Did you see that twink with the epic staff?
Person 2: Yar, he's leet. He was epixed out! = /
Person 1: Dude, horde ftw, that was epic leet when that dr00d pwnd the l33t mob; and my buffs worked a treat.
Person 2: Huh? Dude, I don't understand your mmorpg slang