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Re:Original bulletin board thread in which ‘:-)’ was proposed by lucaslazaro on Friday September 23, 2016 @09:16AM (#12564313)
Not only # \__/ and :-) were suggested but also '&', which the explanation on why is (to say at least) imaginative:

17-Sep-82 17:40 Keith Wright at CMU-10A *%&#$ Jokes! No, no, no! Surely everyone will agree that "&" is the funniest character on the keyboard. It looks funny (like a jolly fat man in convulsions of laughter). It sounds funny (say it loud and fast three times). I just know if I could get my nose into the vacuum of the CRT it would even smell funny!

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