DICTIONARY MERRIAM-WEBSTER'S word of the year is w00t, according to a report from Associated Press.
The b00ksters hold an online poll for what people think constitutes the word that sums up 2007 the best, and that word is apparently w00t.
The word w00t is an ejaculation of happiness or triumph, and, said the report, blends whimsy [shorely whisky?Ed.] and technology.
There's more at the Sacramento Bee, here. µ
I've been saying "woot" outloud for quite some time, whenever something strikes my fancy in a particular way, usually tech stuff... People generally understand the gist of it given the context and sound.
OMFG I laughed when I first read this article...

Ok aparently this was done by online poll... and w00t came out as the winner....

Add to that, w00t is not a new word, nor is there some amazing increase in the usage of it this year..

Hmmm ... has no one spotted the obvious?

This is obviously either a outright hack, or someone has spoofed alot of poll results in the online survey... it's unlikely hundreds or thousands of people thought 'gee I've been saying w00t alot this year' I mean seriously!

What an exploit...
Its one of those words that if you said it in public you would look a complete tool. 

You would recieve a comparable reaction when sprouting similarly stupid words, like "gestimate".
Doh! Kudos to you John Q. for spotting the deliberate mistake ;)
I remember using this phrase in Counter-Strike beta back in 2000 or 2001 or whatever.

It is nice to see lingo catch up after 7 years. 

It kinda reminds me of that South-Park episode where Chef complains how 'white' people stole the 'black' phrase "up in the house" then "up in the hiz house" then "up in the hiz hiz house" to finally "flipity flopity floo".
woo loot. 

Used while playing MMO's, or some other game with loot
For you to know, woot.com is also an awesome web site that preachers a new paradigm of sales. One day one item. Check out "wikipedia" for woot, they have fans, haters, wooters, woot offs, etc
Say it out loud... feel silly? Shout it happily and you'll get suspicious stares from all 'round.

I never even write that. There are far too many existing words that better express anything I want to at a given moment. Woot is equivalent to playground slang, and doesn't deserve a place in history. Gah...
"... an abbv. of We Own the Other Team..."

That would be acronym.
I actually did look at the site, but considering the "history" section isn't labelled as such I skipped over the chunk of text that looked like an ad and looked at the definition that's in the centre of the page.

Perhaps it's true that the majority use of the "w00t" is in the expressing joy sense, but there should still be secondary entry that expressively lists w00t as an abbv. of We Own the Other Team instead of some font size 6 comment that appears unrelated to the definition itself.
The comments of this article so marvelously demonstrate the quality of the site and its readers. Obviously MW would never use a definition such as 'ejaculation of happiness'. But what the INQ is printing is holier than the word of Apple's Messiah. Just a shame it missed a great opportunity at Vista bashing.
Woot: Acronym

Waste Of Our Time.
What happened to z0r?
It is you who didn't 'bother' by going to the MW site teppic, because it does mention the We Owned the Other Team history.
http://m-w.com/info/07words.htm
And it is simply true that it now is mainly used as an expression of joy.
I always thought it was "leet speak" for the word "what" :)
I remember the days when the Internet was young and w00t was an abbrieviation of We Own the Other Team in team games.

Perhaps it's taken on this new meaning of ejaculation of happiness through general web mis-use or Merriam-Webster's just couldn't be bothered to research into the history of the word so just made up the definition based on a few observations in Counter-Strike?
I always thought it came from "woo loot", no mention of that though