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1.
Items of some value in a massively multiplayer online game.
Well Walter, I'll have you know that I discovered several phat lewtz last night.
by Nord March 23, 2004
32 6

Words related to phat lewtz:

shady tool 1337 failure newb xenophon
 
2.
to be the recipiant of booty that is beyond comprehention; to recieve anything that is just simple pure 1337.
Jerad: I just won a new car!
Eddie: o shit phat lewtz!!
by J__Rad May 23, 2005
4 11