Ferpecto 

Totally Perfect ie. a perfect diss, a perfect joke, a perfect outfit

Oh My God, that outfit is totally Ferpecto!

Ferpecto by WordoftheDayForLife October 22, 2010

Ferpect 

The state of not being perfect, though originally considered so

Under the eyes of different reviews, a video game may be considered ferpect

Ferpect by Alex Perelgut March 1, 2008