Hoomi, you just pulled it all together for me! I just knew it had something to do with replacing letters with similar numbers, but couldn't figure out how 1337 translated to a word meaning "elite"....but of course... it's 'lite or "leet" Not that I'll ever actually use it...but I post on a gaming board as well and it has always irked me when people used it. I could infer a meaning from context, but could never puzzle out WHY.
I'm a stickler for spelling and proper grammar, too. 98% of the people who post on the gaming board drive me batty! LOL
That cereal box is pretty funny!