|2 is pronounced "Pipe Two" for obvious reasons, one being the first character is a pipe, the second is a number two.
Origionally derived from the word "Respect" spelt in 1337; |235|*(7 - the phrase "Pipe Two" or just "Pipe" is used to express joy or gratitude towards an object or indivudual.
Warning: Only use this word if you are leet, or |2 sock will 0wn j00!
Man, |2! |2!!11111111
That is so not pipe two...
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