Aoe

[Sonia]

Area of Effect

In [EverQuest 2] this is an attack or spell that upon casting affects the entire area around the caster within a certain radius.

[PussyCat]

Anagram for:
Apple of Enlightenment (an object in the video game Earthbound)
Age of Empires (Game series by Microsoft)
Area of Effect (self explanitory)

[Becky]

Short way of stating the video game Age of Empires.

[Couch Potatoe]

AoE, meaning Age of Empires, a game published by Microsoft in the late nineties. The game revolved around the ancient civilisations of the world.

[Sarah]

All or Everything.

[Rihanna]

The crowded channel with a lot of history on Battle.net known for its many names and history, which eventually split into both aoe and SDS (see SDS)
The real and true meaning of aoe is Angel Of Eternity, a nickname givin to the creator of the channel.
Other rumors include Age Of Empires, and Annihalate, Obliterate, Erraticate (what the archons of the game Starcraft say when clicked multiple times).