Abbreviation for "Thoughts and Prayers" used on social media to make your incredibly insincere sentiments, incredibly convenient to deliver.
That smug prick Chazzzzz changed his FaceBook status to "T&P" instead of typing out "Thoughts and Prayers to the victims of that middle-aged serial rapist in Palm Beach County".
"Thoughts and Prayers". A typical response on message boards when someone reveals that they are going through a hardship of some sort, to indicate that the person is in their thoughts and prayers.