PepeWTF is a popular variation of the Pepe the Frog character, specifically capturing a moment of intense bewilderment or disbelief. Unlike the smug or sad versions, this iteration focuses on the 'What the...?' reaction, making it a staple in internet discourse for responding to bizarre news, cringe-worthy posts, or illogical arguments. It evolved from the broader 'Rare Pepe' movement on image boards like 4chan and Reddit, cementing itself as one of the most versatile reaction images in the Pepe universe due to its relatable and visceral expression of pure, unadulterated shock.