o_O makes no sense at all. I won't have my code look like crap just because somebody found it incredibly hilarious.
Javascript functions are first class citizens.
var notCrapAtAll = window.o_O;
happy?
Maybe the whole project is a joke but then it's a very elaborate one.
Why does this variable name offend you so much?
I don't like it because it's relatively hard to type and naming it in this way does not serve any goal. I'm not satisfied by just changing it because it will, at least, hinder reading of third party code and generate silly arguments between developers.
I'd rather have the developers of the framework suggest something easy to type like 'e', 'E', or 'eb'.