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1.
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.
"I defeated the dark sorcerer! Woot!"

"woot! i r teh flagmastar!" (Think Tribes)

"Woot, I pwnzed this dude's boxen!'
von Weatherlight 4. April 2004
4822 1231
 
2.
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.
1)woot! I got an A on this test.

2)Robyn: Eric is such a tool. Let's put packing peanuts in his desk.
Stefanie: woot!
von Stefanie 7. November 2004
1928 717
 
3.
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..
"Wow loot!" -- Originating from D&D days..
von John Doe 13. September 2004
749 503
 
4.
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
w.0.0.t! we win, you suck muther f*****s!
von blwibwib 27. August 2005
207 54
 
5.
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.
Bob: I just killed a monster! wow loot!

>evolved>

Bob: I just killed a monster! woot!

>evolved>

Bob: Something good just happened! w00t!
von Yelgath 28. Januar 2008
306 219
 
6.
Before ALL of that, woot was a happy noise made by certain Monkees and Guinea Pigs when they are happy or content. Net nerds like to take credit for creating stuff that they only adopted. But I know better. I've heard those monkets. And they're happy. woot.
Kristy walks in the door from a long day of work and her Guinea Pig, thrilled to see her, asks "Woot? Woot woot? Woot."
von Lord Baddkitty 10. Oktober 2005
978 913
 
7.
To exclaim excitement
I passed my test!Woot!
von Jenna1992 12. August 2006
383 344