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What does ^5 stand for?

^5 stands for High-Five

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

  • Slang/chat, popular culture

Samples in periodicals archive:

Roth's office said she supports the Iranian opposition but gave the envoy the high-five because they have known each other for years.
CAPTION(S): FANS J Rocker Rod and Alastair cheer on Celtic JUST POP IT IN THE TOP CORNER, SON Rod shows the way, despite missing the ball, then Alastair gets it right for a high-five LITTLE BOOTY Rod gives Alastair a piggyback
I think you should be able to shake hands, high-five, and maybe a quick hug," he told The Post.
And even better, me and Marc Johnson could totally pointless high five--that's when you high-five for no reason at all.