The term of excitement "woot," combined with "hoot" (that show was a hoot!)became "wootyhoot" which indicates an even higher level of excitement than "woot."
Jessica: "Were you able to find a babysitter for tonights party?"

Sally: "Yes!!"

Jessica: "Wootyhoot! We're gonna have a blast!"
by SunnyDayC March 1, 2011
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