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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

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