One of the many ways to spell the word that sounds like 'word'. There are many different meanings and each meaning has a different spelling. The word w3rd refers to the 'that was dope' side of the meaning. When someone does something cool one would reply with 'w3rd'. Similar words would be 'werd', 'whurd', 'wird', 'ward', 'whard', etc. There are many different words, and they all have specific meanings.
Guy one: Shizzle my nizzle my brother. That was stupid fresh, don't you think?
Guy two: W3rd!
Guy four: Thanks guys!
When you have to pee in a movie but don’t want to miss anything, and must do the following mental equation: will the amount I have to pee cause enough discomfort to diminish my attention capacity for the remainder of the movie to an extent which is greater than the amount of the movie I would miss by making a mad dash to the restroom.
I saw Satantango last night, wonderful film but by the 5th hour I had to start doing pee calculus.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).