The term "1111" does not have a contextual meaning as it appears to be a numeric representation, possibly referring to a number or symbolic representation, such as a time (11:11) or an angel number which often symbolizes new beginnings or spiritual awakening. It is sometimes used informally to refer to something significant when noticed, such as making a wish when the clock strikes 11:11.
The digits "1111" do not have a traditional etymology like a word would, as they are simply the representation of the numeral for one thousand one hundred eleven in base ten counting.