Whats this do and is it on my profile? I have only been on here for 3 weeks, but I would like to know more about what it is and what is does for you?

Nevermind found out what its about.

I know you vote for people to be "way above" top secret with the link but how exactly does the award work?

Way Above Top Secret Award: In each member's mini-profile, you will see a button labeled "vote." Every month, a member is awarded the "Way Above Top Secret" Award based on the number of votes they receive from their peers. You have three votes each month, and we encourage all ATS users to support their fellow members by voting for those they feel contribute the most to our community.

I still think the short form of the award is kinda unfortunate.
If a UK citizen gets the award, its more of an insult then a prize.
A TWAT is kindof a grave insult.