OSLT
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OSLT stands for Or Something Like That. It apparently was invented by Woozle when writing letters in the 1990s or possibly earlier, though the first known documentation of it is ICQ conversations with Harena in 2001.
2007-04-10 Update: This has now morphed into saying "ocelot" instead of "OSLT". This variant was apparently coined by Tenebram (in #sluggysquad, 2006-01-11 16:50:08 EST), subsequently overused a lot by Dhraakellian, and seems to have taken on a life of its own...