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What does UOTY stand for?

UOTY stands for Understatement of the Year

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Slang/chat, popular culture

Samples in periodicals archive:

Regeneration agency Liverpool Vision''s opinion that Mathew Street is "not fulfilling its potential" must go down - even mid-July - as the understatement of the year.
To say that India is behind schedule is the understatement of the year," Hooper told reporters on Friday as local officials prevented him from speaking to the media at the Games headquarters.
DYNAMO KIEV won 4-0 on their last visit to Camp Nou in 1997, but it would be the understatement of the year to suggest a repeat is highly unlikely this evening.