Woot originated as a hacker term for root (or administrative) access to a computer. However, with the term as coincides with the gamer term, "w00t".

"w00t" was originally an trunicated expression common among players of Dungeons and Dragons tabletop role-playing game for "Wow, loot!" Thus the term passed into the net-culture where it thrived in video game communities and lost its original meaning and is used simply as a term of excitement.

A term coined by Donald Trump on his show "The Apprentice" even though bosses used it all the time before. Now anyone who watched five minutes of it thinks it's THE ABSOLUTE SHIT and uses it to say "YOU SUCK!" or "LOSER!" or something of the sort.

See also wOOt, w00t and WOOT

1) An interjection similar to "YAYE!" or "Woohoo!" used to express joy or excitement, usually about some kind of accomplishment. Primarily used by gamers, spreading rapidly to anyone who chats online

Gaming origins: We Owned the Other Team
or Wonderful Loot (Everquest gaming slang)

2) To express agreement

3) As an acronym, can mean Waste of Our Time or Way Out of Topic (online forums) Less common.

Stands for We Own the Other Team; an acronym from the world of online shoot 'em up gaming, signifying a victory, or just that your team is kicking ass

A word originating from the old D&D games, was used to express excitement when finding treasure, the player would say "Wow loot!" thus over time turning into "w00t" in the videogame world, as a form of satisfaction or victory..

exclm; used in times of great excitement; to express a stage of extreme excitement; often used instead of "yes!" "saweet!""awesome", etc.;

A leet speak form of saying huzzah or hurray.

It originated from back in the days of MUD games, after killing an opponent loot was a rare find, so if someone found loot they would say "wow loot!". This evolved into "woot" for short which further evolved to simply be a general exclamation of excitement.