LUT (Lookup Table)
The FPGA's universal logic gate.
A LUT is a tiny memory used as a truth table: an N-input LUT stores 2^N one-bit answers, so it can implement any boolean function of its inputs. Modern AMD/Xilinx and Intel fabrics use 6-input LUTs; Lattice iCE40/ECP5 and Gowin use 4-input LUTs. Your entire design's logic — decoders, muxes, adders' glue, FSM next-state equations — is compiled into a sea of LUTs wired together by programmable routing.
LUT count is the headline capacity number for an FPGA, though vendors market it differently (see the part-number decoder). When a design "runs out of space," it's usually LUTs or BRAM first.
Fun fact: because a LUT is just a memory, some fabrics let you use it as one (distributed RAM) — a 6-LUT doubles as a 64x1 RAM.