Phat L 

when something really bad happens, or someone is about to do something that sucks.

person 1: “i have tons of homework i haven’t done yet.”
person 2: “that’s a phat L.”

Phat L by dalessss December 19, 2018

phat lewt 

Phat Lewt = Fat Loot
Fat as in the slang word; Cool/good
Loot as in Items picked ut(looted) from mobs in games, most often mmorpgs

I want phat lewt!
I got phat lewt!

phat lewt by mriswith April 13, 2006

phat lady 

A phat lady is an extremely awesome sandwich only made and served in the heart of Princeton, NJ by Hoagie Haven. It is made up of an entire cheese steak with fries, mozzarella sticks, and whatever condiments you want!!!

Everyone is going to go to Hoagie Haven to get their phat lady's before they are all gone, you down?

phat lady by Phillip Foster June 17, 2008

phat lewtz 

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.

phat lewtz by Nord March 23, 2004

phat loot 

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!

phat loot by Nesk June 24, 2006

phat lewts 

Used primarily in online mmo's, and describes exceptional treasure. Much better than regular lewt, phat lewts are usually rare and powerful items, such as weapons or armor.

w00t! phat lewts!

Man, those purple drops in Molton Core are phat lewt!

phat lewts by Ted Lach January 9, 2006

phat lewt 

To attain elite equipment in a game by various means.

"d00d! I got PHAT LEWT!"

or

"I want teh PHAT LEWT!!"

phat lewt by Thran February 13, 2003