Top Definition
A term used by online gamers to describe a really helpful or stat-boosting set of items found by completing a quest, opening a container of some type, or by taking the loot from a dead monster.
Nesk- *holds up the shield* Look at this! +9 Strength!!
Rexxar- Omg!!! That's some phat loot!
by Nesk June 24, 2006
6 Words related to phat loot

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