Phakt - pronounced "fact", plural "Phaktz" - Any definition or interpretation of something that may not be 100% accurate or correct but is intended to be. Common knowledge. These truths are presented as if they were 100% genuine, but in reality they might stand slight correction. Websites are often the source of these Phaktz.
On the news they say UFO's are bogus, but I saw some on a website that makes it a Phakt!