An extension of the word woot (we owned the other team). This was originally a term used only by players of online games. Predominantly first person shooters. It is now used on a much larger scale as a general happy exclemation.
Or Pooty Wooty is a Southern Term for Skeezer.
Also a Southern-Caucasian term for Chicken Head Opposite of a Southern Belle A trashy whore or ho that everyone in town has had sex with and will take all of your money if she gets the chance to.
Also can be used as a term for Vagina or cry baby by adding a Y at the end.