look up any word, like ethered:
 
1.
ultimate fear
(it's worse because ph and two threes are used) threes are sharper than e's so when you are writing it it looks kinda scary. And it's thought provoking.
"Do you Ph33r? You should Ph33r!"
by Rane May 08, 2003
 
2.
just another way to spell "fear"; derived from a combination of internet spelling shortcuts and the popular webcomic "MegaTokyo" which promotes certain internet spelling shortcuts. not necessarily a bad thing, not at all offensive unless in the wrong kind of context. again, its a synonym spelling for "fear"
"Pheer m3!"
by Luna December 06, 2003
 
3.
A synonym of ph34r.
ph33r my l33t skillz bi0tch!!!
by craig November 24, 2002