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It stands for We Are The Opposition Now, hence the acronym WATON.

Along with #FBPE and #ABTV, the hashtag #WATON often pops up on social media – Twitter especially – on pro-European messages.
"the failure of pro-Remain Conservative and Labour MPs to follow through with opposition to Brexit in Parliamentary votes means that #WATON.
by wiziwiz February 09, 2018
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Apr 26 Word of the Day
1. The default beliefs installed when you were a child.

2. An unexamined position you absorbed from your environment growing up.
I grew up in a conservative home so my factory settings lead me to vote Republican.
I grew up in a liberal home so my factory settings lead me to vote Democrat.
by riemannslost0 February 04, 2020
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