the short answer is it means "good job, i support the outcome of the recent Yellow text"
the tl;dr answer is its the neckbeard equivilent of al qaeda jihadists screaming allahu ackbar, and a sort of red99 rallying cry inspired by a troll sk named lulzsect, who prowled crushbone, butcherblock etc, killing people and shouting "prais ct" which was a play on words of "praise cazic thule". and eventually adopted by the server as a whole.
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