1. A signature word used to describe a feeling of joy, excitement, happiness, agreement or another positive emotion -used by Laura Hill (famous owner of Hill's Kitchen)...the word can be capitalized or lowercase but must be followed with at least one exclamation point.
2. A positive interjection similar to "Awsome" "Yay" Hurray", "Huzzah" "Yahoo" "Yes" "Yea" "Sweet"or "Woohoo" but much cooler & really can only be used by "Laura Hill" now that she owns the word...
3. Any prior origins or uses of this word are now antiquated since it has now been adopted in this context.

A phrase shouted out when you have gained a new level or you simply looted something cool.
An excitment generated by geeks and nerds while playing a MMORPG.

"Woot" (w00t, wewt) was a term used for the phrase "We owned the other team!". However, it is more commonly used as a sign of happyness. Read below.

Used as an interjection, this word was originated back in the early days of MMO's and games with Online PvP (player vs Player) action. Teams of players (Guilds, Clans, etc.) would go around and fight other players. When and if they would win they would all say "woot" jump around and celebrate.

However that term is now obsolete. The way it is more commonly used is still as an interjection, but it now stands for "Awsome!" or "Yay!". This may happen when something good happens to a player such as getting good loot or leveling up in a game such as World of Warcraft or MU.

To emphasize something, be happy.

Actually, the word woot is much older than EQ or 80s hacker lingo. It is a middle english word meaning "know" or "knew."

(especially in electronic communication) used to express elation, enthusiasm, or triumph.

Origin:
1990s: origin uncertain

meaning hurray...somethng has gone right and you must express it with a soundeffect...