pronounced cooh-woh-tee. stands for Commonly Used Word On The Internet. such as the ever popular "rofl" or the even more popular "lmao" or the super mega popular "roflmao".
I remember when lol wasnt a CUWOTI yet and when I was IM'ing people thought i meant roll. GOOD TIMES GOOD TIMES.
by turkish primeminister October 13, 2008