This statement is often used in place of "touché". However, " well played " shows more class. The proper use is when one has been defeated or has lost in a battle. "The expertise and professionalism at WellPlayed jumpstarted IPL during its infancy. Now WP continues to raise the bar for production value at online and offline. WP is an acronym for ' well played ' a term that can either be taken at face value or, depending on the context, as a sarcastic or biting remark. I'm doing my homework on my desk this time instead of on my my bed as usual Person 2: Contact Us Email Us. Game Was A Success. GGWP is an acronym, abbreviation or slang word that is explained above where the GGWP definition is given. First Quarter Quake 1 Game.