by eS Butcher September 08, 2012
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
by Kyle Biddle August 02, 2004
by Mr&MrsBottoms March 03, 2015
"I had to pull back Shawn's party hat to even tongue his tip when I was fellating him." Exclaimed Christine.
by PartyFavors.com December 04, 2008
phrase used to describe a "bucket hat" when worn by custies, mooks and f-ed up frat boys. In a crowd of beer guzzling abercrombie wearing mooks, there will always be one wearing the hat in question.
by bph4eva October 31, 2004
Molded chocolate hat designed to fit on the head of a penis. Primarily used to enhance oral sex for both the man and woman. Usually secured to head of penis with peanut butter, marshmallow creme, or caramel sauce.
Also see - Dick Hats
Also see - Dick Hats
by DurTSanchez May 08, 2008
A paper toilet seat cover that you use on a public toilet so you don't get other people's crap on your ass.
"I needed to you the restroom at the Burger King but there weren't any mexican party hats to put down on the toilet".
by vtec16 April 11, 2005