3 red lights of death. It means that your Xbox is saying that your GPU has overheated and failed. Send it back to Microsoft and they will fix it.
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The three rings of death generally appear on the Xbox 360. These three rings mean that there is an internal problem with the Xbox. Unplug the device and have it looked at.
As soon as the red rings come on, wrap it completely in towels and the rings should go.
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Could mean '3 Books in Lord of the Rings'. But not being a Tolkein fan I could be wrong. I suspect the Lord of Rings bit is correct though.
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