Neato- an extremely awesome situation that needs to be capitalized by an exclamatory phrase. In place of "super cool" or "awesome possum."
Freato-often used after the word neato - to add extra emphasis on the neato-ness of the situation. Neato can be used by itself, but freato cannot.
"I bought you some ice cream, and then we're going to the swimming pool"
"Neato Freato! That's going to be soooo much fun!"
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