I picture someone winning a game, grabbing their sweater in excitement and swinging it above the head while chanting "w00t, w00t, got the l00t!"
Once a computer-geekish gaming term expressing excitement, especially when winning loot.
W00t, w00t, I got the l00t!
W00t, w00t, I got the girl!
W00t, w00t, I got it, I got it! I can go home now.
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