Abbreviation: I Agree With This/The Post.
Mostly used in message board communities.
Also, "I Am Whacking Teh Penir," usually used when someone asks what "iawtp" means.
Poster #1: lol u guyz r teh stoopidz!!11!1 lolololo
Poster #2: You're a retard.
QUOTE: "Poster #2: You're a retard."
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