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party hat 

A VERY expencive item that you can buy on runescape for 5-30mil gp, (gold pieces) there are lots of different kinds of phats such as: pink, blue, white, purple, green, and just about any other color you can imagine, if you were a party hat to a drop party, people will drop cool stuff next to you, it was originally formed out of a "cristmas cracker" that you pull with anouther person that also has a cristmas cracker, and you would then each get a different colored phat!
Party hat's are very very expensive :D
party hat by Kyle Biddle August 1, 2004
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Party Hat 

A fat joint in a cone shape, packed with weed. Its size and shape almost resemble that of a classic party hat and it is designed to deliver one hell of a party.
I got a fucking party hat going on over here. Gonna hot box the fucking planet.
Party Hat by smokezilla March 10, 2011

Party Hat 

A conglomerate of awesome persons, events, or things in a single area or event
"What? James Franco, Seth Rogen and Jason Segel were all in Freaks and Geeks? Plus it was produced by Judd Apatow? What a Party Hat."

"This year's Coachella was a Party Hat! Damn that Tupac Hologram!"
Party Hat by kateniss cofferybean November 1, 2012

party hat 

An uncircumsized penis. The extra skin acts as a hat.
"I had to pull back Shawn's party hat to even tongue his tip when I was fellating him." Exclaimed Christine.
party hat by PartyFavors.com December 16, 2008

Party hat 

This is given to an opposing player in the Halo videogame series when a plasma grenade is stuck to their head. The name originates from the blueish glow right before the grenade detonates.
Halo player 1: Here you go, a personal party hat just for you! *stick*

Halo player 2: Whah? *booom*
Party hat by CallMeNightmare April 22, 2009

Party Hat 

poop in a Party hat and cum on the poop and put the hat on a person head and when they take the head off they will have the poop stuck on their head
Bob just gave Lucy a Party Hat.
Party Hat by Stinky Rebel October 7, 2008

Party Hat 

That one person in your tribe who is always happy and ready to make some bad decisions.
Make sure Party Hat is not the designated driver tonight!
Party Hat by Cookieporn June 6, 2018