It Is What It Is

Often used at work --like BOHICA-- it is online jargon, also known as text message shorthand, used in texting, online chat, instant messaging, email, blogs, and newsgroup postings, these types of abbreviations are also referred to as chat acronyms.  

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See also : FWIW  HAWTLW  seagull manager  
NetLingo Classification: Acronyms and Text Message

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