An emoticon that shows contented satisfaction. Derived from anime when a character is pleased.
It resembles the owo face, except the dashes represent eyes.
Kayla: Did you talk to him yet? Serenity: I did. I'm kind of proud of myself too. -w-
Kayla: Yay!
In terms of a differnt style of generation of the phrase :3 as in a animeish style version of the :3 hamster face Expression being really happy, or a big grin its usually followed with the "!" mark with how happy you are..
When someone grows up as the youngest of three children and expects everything in life to be easy. Breast-fed until the tender age of 16 with mummy doing all your chores until you move out at 30, upon such time your wife takes over carer duties. These individuals are also physically underdeveloped with pasty white skin like casper the ghost, anything above UV6+ is deadly to them.
If left alone they'll either order take away or eat white bread with coon cheese, due to the lack of practical household skills.
Man1: Dude George is so W&W, I heard he doesn't know how to clean his clothes or even cook
Man 2: Yeah, its unreal, his wife is a full time carer like his mum was previously
Man 1: I know right, I'd still suck his mums tits though
It now stands for the activity which surrounds most of the time in which the web is browsed - Wanking While Watching (another video stream or live webcam) or, Wanking While Waiting (for the next lot of porn to download).
(For the Brit-ignorant, Wanking is the same as jerking-off/Whippin Mr Zippy/Polishing the PurplePink Pole, over here in Limey-Land.)