to swap. to go from ashy to classy. to flip.
Technically, fanute is just the mumbled phrase "from the hoopty coupe" by the rapper
French Montana during his verse on the song Stay Schemin' by Rick Ross and featuring Drake. The line ended up being interpreted by many as "fanute the coupe to that ghost dawg" Because of the
difficulty in deciphering it, fanute has taken on a life of its own but retains the implied meaning from the song, to come up.
please see references at Grantland or perform a search on Twitter as the word is very much on the upswing.