Comes from the phrase used in video games. "We Owned the Other Team" hence the anagram w00t.
"Hell yea we won, w00t"
by M Maenpaa October 4, 2007
Get the w00t mug.
A verbally shortened version of the verbal "woohoo" became typed due to the limitations early bbs's placed on their users. Over time it grew from woot to w00t because b1ff style typing became "cool"
Party over here, w00t w00t.
I just got an A on my test, w00t!
by StrawberryYogurt October 22, 2005
Get the w00t mug.
w00t is an expression of joy or success
such as: "w00t! i won the lottery"

This idea comes from people thinking w00t is a l337ified version of what and w00t stands for what in a question form: "What!? i won the lottery!!"

It originated from "we owned other team"... 'own' generally means to prevail over something

these kind of phrases originated from games such as counter-strike and unreal tournament, nobody is sure of their true origin.

l337 speak itself came from the idea of using numbers and symbols to replace letters so that illegalities could not be found through searches: Hacker became h4xx0r

l337 speak has changed and everybody has their own versions
OMG w00t!!
OMG w00t!!
OMG w00t!!
OMG w00t!!
OMG w00t!!
OMG w00t!!
OMG w00t!!
by timittytim June 21, 2005
Get the w00t mug.
"We owned the other team" Used in mamy MMORPG's like World of Warcraft. Used when winning, or doing somehting amazing.
W00t that n00b got pwn3d.
by Ramstien April 21, 2006
Get the w00t mug.
originally spelled without numbers (WOOT) and was used by D&D players as an abbreviation for "WOW LOOT!"
"w00t (WOOT) i found a bunch of gold pieces after defeating the Dungeon Master in the Dwarf Domain!"
by tardfingers December 12, 2007
Get the w00t mug.
Originally derived from "woot" (win over opposing team), evolved into (we owned the other team). Then "woot" was bastardized into "w00t" Now can commonly be used as a general expression of happiness.
W00t in a WoW PvP bg, lol n00bs.
by Snommis December 12, 2007
Get the w00t mug.
A common misconception is that w00t stands for "wow loot" or "we owned other team". These are, in fact, bacronyms. w00t originated from the music culture in the early 90s, such as the song "whoot there it is". A more detailed etymology of w00t can be found at its wikipedia entry.

w00t, pronounced to rhyme with boot, is almost universally used as an expression of joy
Letter: We are happy to report you have been accepted to Yale College
You: w00t!
by H-Z January 29, 2006
Get the w00t mug.