I found this on someone else's blog, and had to post. I wondered what some of these meant before :)

Quilters' Acronyms

• BOB = Beginner's Only Block (swap)
• BOM = Block of the Month
• DSM = Domestic Sewing Machine
• DWR = Double Wedding Ring
• FART = Fabric Aquisition Road Trip
• FIU = Finish It Up
• FQ = Fat Quarter
• HST = Half-Square Triangle
• HSY = Haven't Started Yet
• LAQ= Long Arm Quilter
• LQS = Local Quilt Shop
• MAQ = Mid-Arm Quilter
• OBW = One-Block Wonder
• PHD = Project Half Done
• PIGS = Projects in Grocery Sacks
• SABLE = Stash Accumulation Beyond Life Expectancy
• SEX = Stash Enhancing eXperience (or eXcursion)
• STASH = Special Treasures All Secretly Hidden
• TGIF = Thank God It's Finished!
• TOT = Tone-on-Tone
• UFO = UnFinshed Object
• WHIMM = Works Hidden In My Mind
• WIP = Work In Progress
• WISP = Work In Slow Progress
• WIVSP = Work In Very Slow Progress
• WIWMI = Wish It Would Make Itself
• WOF = Width of Fabric
• WOMBAT = Waste of Money, Batting, and Time
• WOW = White On White
• WWIT = What Was I Thinking

Quilters' Terms (Not Acronyms)

• Charms - Small pieces of fabric in squares, hexagons or other shapes, all different fabrics. Charm packs are big sellers right now.
• Fat Eighth - 1/4 yd of material, cut up the fold. About 9" x 22".
• Fat Quarter - This is 1/2 yard of fabric with a cut up the fold, creating a piece about 18" x 22".
• Flimsy - Quilt top waiting to be quilted
• Frogging - or Unsewing. When you have to redo something and you "rippit, rippit, rippit."
• Honey Buns - 1.5" x 44" strips of fabric all from one line. Currently made by Moda.
• Jelly Roll - 2-1/2" strips of fabric from an entire line.
• Layer Cake - This is a 10" square of fabric from each material in the line.
• Leaders and Enders - Chain piecing at the beginning and end of another project row. Essentially making two quilts at once and being efficient.
• Nickel - A 5" square of fabric.
• Squishie - Envelopes or baggies filled with swap fabric or blocks.
• YoYo - A circle of fabric which is gathered to form a puffy circle.