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Normally, a woot lasts from 12 midnight until it runs out, and then they put another product out at 12 the next day. During a woot-off, once the product runs out, they put up another product. They can usually last from 12-48 hours (may even vary more) depending on how fast the items sell (or don't sell). The big item that everyone tries for in the woot-off is the bag o' crap, which gives you up to three random items they have in stock. They're cheap, around $5 and in the past have had items like Zunes. I don't think anyone ever loses out on a BOC.
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