Short for 'partyhat' a symbol of wealth in the massively multiplayer online roleplaying game 'RuneScape'. They were 'dropped' in game on Christmas 2001 inside of Christmas Crackers, which you use with another player to obtain the hat. Today, they are worth millions in RuneScape currency and require months of playing to obtain. People pay upwards of 500 U.S. dollars on Ebay for certain hats, as they come in different colors(Blue, White, Red, Green, Yellow, Purple).
OMG that dude is so leet he has a p-hat!
I'll never make enough money to get that blue p-hat..
2. Pretty Hot And Tempting
Dude! That shit is phat!
Dude! That bitch is P.H.A.T!
Phat does mean Pretty Hot And Tempting, like the other definitions say. The problem with "phat" is that it is no longer in really. It has kind of phased out and is mostly used by wannabes, lowerclassmen in high school, or middle schoolers. It is now considered a slang faux pas. I wouldn't use it if I was you.
14 year old: "That's phat man."
22 year old: "Um, dude, that word got old in the late '90s"
A stupid word.
Stop using it.
Pathetic Kid: God, that chick is PHAT, man...
Dumb Kid: What? I don't think she's fat.
Pathetic Kid: No, dude. Phat as in Pretty Hot and Tempting.
Dumb Kid: Cool! I think I'll be pathetic like you and use it!
Me: *kills them for being pathetic*
In the 80s, an 18 year old inner-city black kid from Richmond, Virginia told me that it stood for "Pussy, Hips, Ass, Tits", And he told me this around 1985. So that word is AT LEAST 27 years old. True Story. Just thought I'd share with you.
That girl is phat! Did you see that?
A word used by white suburban kids who think they are gangster to describe something "cool"/stupid and used to describe how "gangsta"/gaudy their wigger friend's ricer is.
wigger: YO YO YO DAT RIDE IS PHAT
Me: No. It is insanely gaudy.
A word that never should have been invented in the first place.
Man, that's "phat"!