The idea of an object involved with fraud being called into question by its creator. This object is named legitimately fake for the following reasons:

1) The creator intended it to be fake.
2) The creator intended it to be legitimate.

As a result of these two motives, the object in question must be placed under one rule. If just one rule cannot be met, then the object is subsequently deemed 'Legit Fake'.
Dean: 'I just bought this popcorn from Tesco, but it said Netto Exclusive.'
James: 'That's legit fake.'
by Rotherman August 21, 2012

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