The term was coined by PigRoach (AKA DarkSyde Phil, AKA The "King" of Begging ... I mean Hate, AKA Dave the Tips Diver) during his stream attempting to roast RTUStreams for the same things he does on a nightly basis including begging for money, running a scam patreon and having his fans pay for all the equipment to keep his $5000 monthly Scopely expense businesses running.
"Look Rich, look with all the hate you have given me over the years, I'm keeping this token and making it part of my set every night ... you got felted bitch" - DSP
A felsted wetty is a felsted pupil, Felsted being the school in Essex, England. A felsted wetty is a rich boy check IRL, they all own Lambo’s and Porsche’s and love spending daddy’s money. They can’t fight, but can play rugby. Also they are better than Brentwood pricks and New Hall slags.
“Ohh, did you see Amelia yesterday”
“Yer, she only wears designer clothes”
“That’s coz she go’s to Felsted”
“Ohh dame, she’s a Felsted wetty ”
“Yer, and she full boards so u can’t smash.”
“Shit, lets go meet our new hall slags then”
“Fine.”