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1.
w0t
1337 for British wot. Used primarily by Americans attempting to sound upper class and failing miserably.
Let's get some tea and crumpets, w0t w0t?
by Dr Fruitcake July 21, 2004
 
2.
w0t
A shorter version of the 1337 word "w00t".

Also what happens when you're still up at 3:30 in the morning and your typing skills have gone to hell.
w0t! I need to get my ass off the comp and go to bed.
by Squee July 01, 2004