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Stands for Eleet. This is the original form of pointing out one's greatness from any standpoint, beit athletic skills, academics, or even hacking or cracking processes.
It was coined by a cdc group when they listened on a port :31337 and pointed out the Eleet-31337 - ness of their exploits.
Dude you're true 31337.

1337 is a later variant used mostly by trendy kids who like to taunt others in online video game play.
31337 by LarstaiT February 21, 2005
Related Words
to be elite. one who has skills.
i am one elite hacker.
i am one 31337 hacker.
hes elite.
hes 31337.
31337 by mike July 6, 2003

31337157 

elitist, A n00b so arrogant that he believes his mere presence will win the game, a consequence of this is that the team the 31337157 is on will often lose because said n00b is likely to stand around doing nothing, handicapping the team severely

not to be confused with 31337357 which refers to the most 0wnz0r player in the entire game.
an 31337157 is a rather dangerous parasite, just below the team-killers in terms of danger, symptoms may include:

-delusions about personal skill

-blaming failure on everybody else/refusing to admit personal error

-standing around giving orders(also known as the wannabe general syndrome)
31337157 by k0enus April 9, 2010
Hacker lingo for "elite." Numerical form of ELEET.
I went to this 31337 gathering last night!
31337 by Witch Doctor September 10, 2002
31337 is the default port used by the Back Orifice trojan/Remote Admin Tool.
yeah d00d i hax0red him and set BO2k to listen on port 31337 default!
31337 by Goatse Labs June 16, 2003
prounounced: "elite"

3l33t is a jargon word used widely by the highly intellectual, or post-pubescent teens to make a statement about your computer knowledge or "skillz" see w00t
(*in a irc chat room*)
<newbie> hey 0wns you're 3l33t ...you have some m@d skillz
<0wns> i know ...i know.
3l33t by e\\\' dog April 18, 2003