We are a collective of people who believe in freedom of speech, the rights of individuals, and free pancakes! We share our lives, struggles, frustrations, successes, joys, and prescribe to our own special brand of humor and insanity. If you are looking for a great place to hang out, make new friends, find new nemeses, and just be yourself, WTF.com is your new home.
It's just a funny play on words, sort of like the goatse.cx thing. Where goatse.cx was supposed to mean goat sex. Who knows if it was intentional or not, but I'm sure someone at Google noticed it. Of course, it could be some engineer getting a few laughs in.
It's funny more because of that, than the actual use of "cock."