By Jamie M. Bsales
No, we don't know what woot means, either. But if what we've seen so far is any indication, it's synonymous with great closeout deals. The concept is simple: posts one item per day at midnight Central time. If you want it, buy it fast—that item will only be available until 11:59pm that day, or until it sells out (which happens a lot).

If you decide on Tuesday that you want Monday's item, too bad; there's no going back. If you buy an item and decide you want to return it, too bad; the company discourages returns, and promises nearly non-existent customer service. (Its policies are spelled out in the very entertaining FAQ section; it's worth a visit to just to read that.) Fortunately, if you do have a question or problem with an item, you can ask for help from other wooters via the site's community area, where a very avid (rabid?) user base congregates.

The offerings range from electronics to computer gear to toys, but "cool stuff" seems to be the running theme. On the days we looked, was offering a robotic lawn mower for $179, a set of 5.1 powered computer speakers for $29, and the Fossil "Dick Tracy" MSN Direct watch for $80 (an item we found listed on eBay for a Buy-it-Now price of $169).