This is a work in progress. Please feel free to add to it. Thanks to Lucy for the list she sent me. It tripled the list I had here.
Also, the fact that these are here does not mean you need to use them. Many of them are already kind of dead (there are two in the list that I've never seen before). I'm not including this so that everyone talks exactly the same, but rather for people to brush up on their aquariumspeak.
Edit: I am editing some of the new answers into my own post. Others, I'm leaving out (though they'll still be in the post further down the list). I'm basing this largely on whether or not they're commonly used on the forum.
DFS = Doctors Foster and Smith
A pet supply company. MTS = Multiple Tank Syndrome
A communicable disease which causes aquarists to buy more and more tanks in order to accommodate more fish.
MTS = Malaysian Trumpet Snail
You've just got to use context to tell which one a member is referring to. GBR = German Blue Ram
JD = Jack Dempsey
A type of cichlid. DG = Dwarf Gourami
GSP =
green spotted puffer
BN Pleco = Bristle Nose Pleco
CAE = Chinese Algae Eater
SAE = Siamese Algae Eater
HOB = Hang-on-Back
A type of filter. UGF = Under Gravel Filter
WPG = Watts per Gallon
A reference to lighting. GPH = Gallons per Hour
A reference to filter/pump power. LPS = Local Pet Store
LFS = Local Fish Store
Not to be confused with a Petsmart, Petco, or Walmart, which are usually referred to by name or as "big chain."
RTS =
red tail shark NTS = New Tank Syndrome
More of an old school term, from when less was known about the nitrogen cycle. FOWLR = Fish Only with
live rock A type of marine aquarium.
PWC = Partial
water change RO =
reverse osmosis A process that creates nearly pure water. API = Aquarium Pharmaceuticals Inc
Most often used to describe the API Master Testkit. AC =
activated carbon FW = Freshwater
SW = Saltwater
NH3 =
ammonia NO2 = Nitrites
NO3 =Nitrates
And, some common netspeak
LOL = Laugh Out Loud
ROFL / ROTFL = Rolling on the Floor Laughing
IMO / IMHO = In My (Humble) Opinion
FYI = For Your Information
BTW= By the Way