Actually, I think you are all wrong.
1 = L
3 = E
3 = E
7 = T
Its also the name for the language 1337, not short for elite, the language was used by hackers to confuse who ever was reading their messages. (CIA, FBI etc.)
It consists of numbers and symbols to make up words ie. 1 = L, 3 = E, 4 = A and 5 = S.
1/\/\ 50 ()|33|p 1337, `|0() c|()`|5 5()(|<
I'm so uber leet, you guys suck.
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