To initially view something as beautiful and then suddenly saying, WTF?. See also, fifty footer and beer goggles.
Jake saw what he thought was an attractive young lady across the room. As he approached her, he realized his mistake. As he started to admire her from afar, his thoughts quickly faded from, "Gee, she is beautiful" to, "Whoa... that is bewutiful."
When a street or neighborhood was cleaned up recently. The term was coined while 3 friends drove to a baseball practice and one said the city must have come through and beautifacated the street.
This area used to be really run down, then the citycame through and beautificated it.