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Here is a brief list of some of the most current text lingo…
AFAIK – As Far As I Know
ASAP – As Soon As Possible
B4 – Before
BBL – Be Back Later
BRB – Be Right Back
CYA – See You
FYI – For Your Information
GR8 – Great!
ILU – I Love You
IMO – In My Opinion
LOL – Laughing out loud
L8R – Later
NOOB – Newbie
NP – No Problem
OXOXO – Hugs and Kisses
RUOK – Are You Okay?
ASL – Age, Sex and Location
THNQ -Thank You
THX – Thanks
TTYL – Talk To You Later
W8 – Wait
2NITE – Tonight
And here are some additional dictionaries of ALL the terms…
http://www.lingo2word.com/lists/txtmsg_listA.html
http://www.webopedia.com/quick_ref/textmessageabbreviations.asp