An acronym that stands for Smoking Hot Waste Of Time. A really attractive person who is not relationship material, for one reason or another. Many of them can be found in MBA programs.

(Ladies is SHWOTs too, go and brush your shoulders off.)
"I performed a SHWOT analysis and the results were conclusive -- he is a waste of my time. Still a total fox, though."

Person 1: "He is a total SHWOT."
Person 2: "I don't think he's SH, but he's definitely WOT."

Person 1: "Wait, I thought he was single."
Person 2: "No, he definitely has a girlfriend. He's just a SHWOT."
by kat52982 November 18, 2011
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