If you don’t know what a Woot-Off is then you probably don’t know what Woot is. Woot is one of those wonderful ideas that makes you slap your forehead and cry out, "why didn’t I think of that!" Woot is associated with Overstock.com and releases 1 product Monday through Friday at 12am Central time (1am Eastern). The product is available in a limited number and often sells out in the first hour. The product is almost always significantly cheaper than anything you find on Froogle.
A Woot-Off is basically a chance for Woot to clean out their warehouse.
…a short term frenzied mutation of our product posting procedure. In Woot-Off mode, a new product is launched immediately after the sellout of the previous deal. There is a half-Woot-life of 12 hours maximum on any product within a Woot-Off that does not sell out. The number of Woot-Off items, sequence, and quantity will not be announced. When Woot-Off mode is over, the orange lights will disappear and our normal schedule will resume. Depending on its success, this may be a mode we would go into once or twice a month for a relatively short duration of time (24-72 hours generally.) [Source]
I have purchased twice through Woot and been thrilled each time. Both the products are regularly used and were fantastic bargins. I wish we weren’t in tight budget mode or I would buy my wife the Bluetooth iPod headphones right now. My other favorite bargin hunting site is Slickdeals.net which reports coupon and rebate combinations that often result in wonderful deals or free products. It’s sister site is Slickfillers.net which helps you find low dollar items to push an Amazon order over the $25 mark to gain free shipping.