Absotootely is another way of saying absolutely... It is more fun at say as the 'toot' in the middle of the word relates to the bowel passing the flatulence which is also known as farting, passing gas, tooting, and many others.
"Hey do you wanna come over to my house?"

"Absotootely!!!"

"Hahah nice word... Just don't 'toot' when you're at my house!"
by Beth Wright July 29, 2013
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