So what is
Woot ?
First, it's a contraction of "Wow, loot!"
Second, it's an interesting business model: they sell one item per day until it's gone. That's it.
Third, it's pretty freaking entertaining. Not only do they sell some pretty whacky stuff, the writeups on it are far better than the items. The worse the item(s) being sold, the more entertaining the writeup.
Fourth, it can be source for some good deals. They've had the following items in the past (although you don't know what they'll have tomorrow):
Microsoft Wireless G router
Remote control T-Rex
Perception 1.5gb MP3 player
Gateway M275X Notebook Tablet PC
Chrome Kruzer Kaddy (bike mirror and beverage holder)
Just thought I'd share.