Obviously, the correctspelling of this word is Xbox, but this is how |33t kiddies spell it. Clearly the misspelling makes them superior above all other life forms.
h4x0rs in yu0r teh XOBX?
Oh noes!! My gaem saevs have been stoeled!!!
Something frequently "stoeled" by "h4x0rs". refers to hacking into someones computer and stealing their bandwidth/processing power to preform another duty.