Comes from Sendak's book Where the Wild Things Are. Can mean stupid punishment, smart kid (or person), bravery, turning fearful stuff into fun. lots more.
Man, wtwa for being late for dinner, wtf?
Yeh, it was a tough exam, but wtwa, ya know, it's only one test, LOL.
Acronym for "Wheres The Weed At?" Usually used in a sad situation or even times when celebration might be needed. It is most commonly used while social networking, texting, or chatting. #WTWA
"Fuck bro, the Bears just got killed by the Raiders! WTWA?"