dude2: lmfao, you douchebag. you dont even know her.
Commonly used as the default name for a web server, to the extent that newbies cannot mentally cope with a url that doesn't begin with www.
Don't you mean 'www.b3ta.com', you newbie.
It now stands for the activity which surrounds most of the time in which the web is browsed - Wanking While Watching (another video stream or live webcam) or, Wanking While Waiting (for the next lot of porn to download).
(For the Brit-ignorant, Wanking is the same as jerking-off/Whippin Mr Zippy/Polishing the PurplePink Pole, over here in Limey-Land.)
Most commonly used with the acronym wtf to emphasize your disbelief that something is occuring.
"Dude, that girl is mad skanky. www.betterdoublebagit.com"