The document describes the watt beater LED replacement lamp for outdoor floodlights. It uses 7W of power but provides the light output of a 500W halogen lamp, saving 98% in energy. It has a payback period of under 1 year compared to using halogen lamps based on lower electricity costs. The LED lamp is designed to directly replace halogen lamps and provide cool white light with high efficiency of 74 lumens per watt for over 50,000 hours of operation.