look up any word, like swoll:
 
1.
pronouced peet, peit is another word for fart.
(farting noise)

dood, did you just peit?
by sparky mcgee March 21, 2007
 
2.
a person who needs to wear a helmet for safety while walking so he does not receive any brain damage when he trips over himself
That kid is such a peit.
by helmetboy July 07, 2006