A term used to express joy, the two 0's are for leet or 1337 speak, the nerd language using numbers and symbols instead of letters usually. The term w00t comes from the shortned version of "Wow loot" from early mmorpg's or massivly multiplayer online-roleplaying games such as Ultima Online, contrary to the idea that it from counter-strike or CS

Geek: Look a high Level drop
Nerd: w00t!

An expression of joy and excitement.

I just got an A on my test. w00t!

w00t was originally an acronym for "we owned other team" but used 1337$p34|< for some of the letters(w00t instead of woot). It is now commonly used as an interjection of joy.

"w00t! I pwn3d j00!"
"Oh! You see that hs??!?! W00T4G3!"

Generally used to express a form of joy. The word originated in competitive online gaming as an acronym for "we own other team." The term has since adopted a more general meaning.

w00t we just smashed that team hard.

I got a new car, w00t.

Function: interjection
1) An Expression of joy generally used by computer gamers and hackers.
2) An exclamation of victory or triumph over an obstacle such as winning a large prize at a LAN party.
3) A part of the 1337 language.

History: The current-day use of the word w00t stems from hackers in the early to mid 80's. While communicating with each other groups of hackers such as Razor1911 would need lingo which nobody else would be able to understand to express milestones in their hacking. One such milestone was gaining root access, but the term rooted or "gained root access" was easily understood so the term was changed to w00t to help disguise. Because of the difficulty of "rooting" many times the term w00t would be much in a celebratory tone. It later evolved to simply be a celebratory remark rather than a hacking milestone.

#1 LOL... I got him to redirect his ddos attack to 127.0.0.1, w00t!
#2 after winning the Radeon X1900 XTX, Billy said "I am teh 1337... w00t!!"
#3 well I keylogged and doom9'd his box and... yep, w00t!!!

W00t is a short expression of joy. In hindsight, reverse engineering has erronoeusly determined that this is an acronym for "we own the other team", but of couse that is patently absurd.

W00t never stood for "we own the other team"

or woot Used as exclamation on many online fourms/games etc.

"w00t! I got 7000 Gold! ^^"