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Waiter Fakeout 

When you see the waiter/waitress walking toward your table with food that could potentially be yours but, he/she turns to the table next to yours and serves them performing a waiter fakeout
She was walking straight toward my table, my mouth started to water from the smell of the food. Then right when my excitement was reaching its highest point. She walked past to the table behind me committing the ultimate waiter fakeout

Philly fakeout 

Maneuver by which a man who is performing doggystyle vaginal or anal intercourse pulls out at the brink of ejaculation and spits on the recipient's back, implying ejaculation. Subsequently, when the recipient turns to face the man, said man ejaculates on their face and/or other unexpected locales.
I did that bitch doggystyle, and then surprised her with a Philly fakeout!
Philly fakeout by Brown Sugar March 18, 2003

Philly fakeout 

An informal term for the Seattle Prep Baseball team.
All the cool kids are in the Philly fakeout.

Fifty-two Fakeout

To deliberately mislead or misdirect. To cause someone to think or act a certain way based on incorrect information or actions.
(also known as "throwing a 52")

The background of this expression is unknown.
That cell phone rate was a fifty-two fakeout. The actual charges came on the bill.
or
Michael Vick threw the linebacker a 52 and ran for 20 more yards.
Fifty-two Fakeout by Greg J. July 20, 2004

Fifty Yard Fakeout 

When a person looks exceptionally attractive from far away but as they are seen up close, are in fact, far from attractive.
"Damn that girl over there is hot!"

*Walks over to see her up close*

"Okay, take that back, she is butt ugly. Damn I hate fifty yard fakeouts!"

Philadelphia Fakeout 

A sexual act where the man is having sex with a woman from behind, pretends to ejaculate inside of her and when she turns around he ejaculates on her face.
How Larry, that was some Philadelphia Fakeout.
Yeah, I know, I really nailed that slut.