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1.
(verb) to get rid of an item and replace it with a newer or better version.

This has been popular on a handfull of message boards, and is beleived to be named after Ethan Forhetz of Illinois, who claims to have been the first person to get rid of a land-line phone and only use a cellular phone.
"I am going to forhetz this old cell phone, and get one that takes pictures."
by Ron Palmer March 23, 2005
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