Net Lingo is also tracking a global list of worldwide text terms and international online jargon!
Acronyms have always been an integral part of computer culture, and they have since spawned a new language on the Internet.
The majority of the expressions you see above are not acronyms, but rather shorthand used while text messaging or IMing.
There are several terms to describe different kinds of jargon including anacronym, backronym, weather acronyms, city acronyms, leetspeak and textonyms.
Commonly thought of as a series of letters that make up a 'word' there is a distinction between acronyms and shorthand.
The actual definition of an acronym and text shorthand is here.
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Online enthusiasts are learning that shorthand are in fact called acronyms, but this is incorrect.
The difference between acronyms and shorthand is that with acronyms, (for example, 'ESP' is an initialism for 'extra sensory perception' whereas 'esp. The online practice is to refer to shorthand, initialisms, or abbreviations as acronyms.