Here are a few of the common abbreviations I compiled from the other thread, for the time being!
I saw someone else was working on a Dictionary so until then-- here ya go 
Reply to the thread with any other's you think should be added. Remember, they should be abbreviations 
Admins:
sweets4ever and
jungrrlATC: Artist Trading Cards
CAL: Crochet-a-long or Craft-a-long
CIP: Crocheting in Public
CO: Completed Object
D&Q: Discussion & Questions
(referring to the forums)DCN/DC/DC#: Delivery Confirmation Number
(common in swapping)ETA: Edited to Add
FO: Finished Object
FOC:
Friend of CraftsterISO: In Search Of
IYP: Invite Your Partner (swap)
KAL: Knit-a-long
KIP: Knitting in Public
LV: Little Visitor (swap)
LYS: Local Yarn Shop/Store
MAF Swap: Make a Friend Swap
Mod:
ModeratorNWS/NSW: Not Work Safe or Not Safe for Work
OTT: One Tiny Thing (in reference to swap themes)
OWS: Ongoing Wish Swap
OWYH: Offer What You Have (swap)
OYP: Once You Pop (Pringles can swaps)
PAT: Pick a Theme
PM: Private/Personal Message
PO: Post Office
SNB: Stitch N Bitch
STS: Shop the Swap
TM: The artist Teesha Moore, or her style of wonky embroidered patches
Tut/tute: Tutorial
UFO: Unfinished Object
WIP: Work in Progress
WWP: Witch Wiccan Pagan (in reference to swap themes)
YKYACW:
You Know You're a Craftster When...Other Important links/terms you'll see on here:
Etsy - Craft website where you can sell your stuff
http://www.Etsy.comHoopla Wall - a wall decorated with art (usually cross stitched or embroidered) framed in embroidery hoops
Sticky - a thread that is pinned to the top of a board so it is always in the same place, for important info
Wist/Wisted -a website to create your own web wishlist, helpful in swaps. Not affiliated with Craftster.
http://www.wists.com/Pinterest - a website to create your own pinboards wishlist, helpful in swaps. Not affiliated with Craftster.
http://pinterest.com/Zetti - An art style named by Teesha Moore
http://www.zettiology.com