A "1337" spelling of 'phreak' or freak where to as ph is pronounced f and 3 is an e. A nerdier version of phreak, which in turn is a nerdier version of freak. God bless the late 90s and the internet, eh?
See also phreak.
eye 4m t3h phr3ak!!!1
j00 is t3h phr3ak!!1
h3 ar3 teh phr3ak
ph33r t3h phr3ak
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