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1. what cunt
WAHT CUNT! Self discriptive term that outlays ones feelings of hostility towards another.
Also used as a term of endearment.
Customer- Have you got any peanut butter in your shop, shop lady?
Shop lady- What cunt?

Man- hey i heard you called my girlfirend a slut
Man 2- WHAT CUNT?
Man- Nothing. Sorry
Man 2- WHAT CUNT!
Man- No seriously it was just a joke, she is a slut anyways, I hate that fucking slut.
Man 2- WHAT CUNT?
Man- I fucked your mum
Man 2- WHAT CUNT?

Its quite obvious that in this case here man 2 suffers from a common syndrome called whatcuntitis, which can be caused from over abuse of this term.
2. what cunt
One of the most used sayings, well for New Zealand teens+. I don't know what other countries it has spread too, but its commonly used here.

People yell it from cars to people walking. Or basically its a comeback for an offensive comment made by another. Like "what bitch".
Man1: Hey ya mums fat
Man2: WHAT CUNT
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