As far as I can tell, it is kind of poking fun at the whole OMGWFT?!?! thing by adding yet another 3 letter acronym to it. And then there is the !!!!!11111one thing which never fails to amuse me.
My newest favorite variant on that one is !!!!!1111!!!!!twelvety! (Which, of course, is better than "eleventy.") I may go back to !!!!!1111!!!!SHIFTONE! soon, though.
I've inferred from the places that I've seen it that BBQ implied some sort of blog-/scriptkiddy/LJ-/webforum-drama flamewar attribute to the topic at which the omgwtf was being directed.
But that was inference, not a formal definition I've ever seen
no subject
Date: 2006-03-03 09:30 pm (UTC)no subject
Date: 2006-03-03 10:57 pm (UTC)no subject
Date: 2006-03-03 10:17 pm (UTC)no subject
Date: 2006-03-04 12:30 am (UTC)But that was inference, not a formal definition I've ever seen
no subject
Date: 2006-03-04 01:01 am (UTC)Nifty! So it -does- make sense! [thanks!]