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i guess both, depending on how you turn the hand.

*tries it* aye, true :D
it's got to the with the hip-hop subculture, doesn't it.

It's some sort of gang symbol. Like "East-Side". His hand probably makes an E shape.[/quote]
I've always thought it stands for "w", as in West side. :o

my first thought was same as Barmaley.
on the 2nd thought, do you mean it like when your hand is sort of in the shape of the letter "W"???