Gaming term. Alternately refers to either items or money retrieved from a vanquished foe, or the act of taking items or money from a defeated foe (as in looting a MOB). Variations: lewt, l3w7.
After gaining a kill, players may pick up or otherwise gain some objects. The objects are referred to as loot, while the act of gaining them is referred to as looting. Those players on the receiving end of looting are said to have been looted.
Gold or Items that are dropped by monsters that have been slain.