Used in this way, "hoot" means the least bit of concern, I do not care. "I don't give a hoot." means I don't care, even a little bit. So, I don't give a hoot and a half just means "I really, really don't care."
You can say any number of hoots (two hoots, three hoots, etc.). By the way, the sound that owls make is also called a hoot.