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Abreviated form of the word "elite" often used in chatrooms and message boards; though mainstream popularized by the game Quake, where the l337 routinely fragged the hell out of lamers (unLee7 web-vermin). The "language", as it were, is generally characterized by the phonetic misspelling of words and replacement of various letters with numbers and symbols.
1|>|-| j00 (4|\|'7 |234|) 7|-|15, `/005 |\|07 L33+ 817(|-|
leet by stryph November 27, 2003
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A word emo/mainstream posers use without knowing its meaning
check out my converses, LEET!!!!!!
leet by The_Dark_Side May 8, 2005
Related Words
(n). A *hypocritical* form of internet lingo and a result of Americans and others who decided to bastardize the English language even further- consider it the nerd's Ebonics. Commonly used by "n00b"-bashing, forum-threading, ninja-obsessive elitist gamers and anime zealots across the land who *often complain about TeEnY BoPpEr LiNgO*.
Warning: If you are able to read hard-core leet without squinting or muttering curses under your breath, it's about time you put down the chopsticks and get a life.
Here's some leet for ya: I'll "pwn" "j00" with my "n1nj4" skills. After I shove the blade of an ice skate down my throat.
leet by a name September 19, 2008
An internet/gaming language derived from a hacker group's code language. that group exploited a hole in system security many years back. They would mainly use the port number 31337, ELEET, ELITE Basically showing they were elites at the time in the feild of hacking. Now L33TSpeach is used by any person who plays CS consistantly, or reads Megatokyo.
j00 4r3 4 f00 f0r |\|07 k|\|0w1|\|g 1337 5P34K!
leet by KilikMatsumoto April 8, 2005
One who denys actual fact in the gaming world, adopting the idea that whatever is "the latest and greatest" is better than anything else. The leetist is often found spending in excess on these types of games.

A leetist often points out graphical details and ignores real gameplay when confronted with an objection.
When someone mentions an older game the leetist points out that its out of date and the graphics are sub-par.
leetist by DrRetard September 27, 2007
"Donate leetjuice today!"
leetjuice by cecilcore January 8, 2008

Leet Street  

A spin to the phrase of the universal,every minute use known as the internet.

The name draws from the utilization of the "leet" language that is employed upon the internet (and mobile phones) in conversations, chat rooms, forums such as:

"LOL", "Pwned" and "Noob"

along with emoticons

"XD", ":-0" and "="
Sup dude, I saw you on the leet street the video of you dancing to "Steps'- 5,6,7,8."

I'm sorry teach, yes....I should not of used the leet street as my single resource for the essay.