FWerBy is the pet name for a friend with benefits. Pronouced as: "ph-wer-bi"

1)Through the acronomic abbreviation of "(F)riend/s (W)ith (B)enefits" and the highly popular children's toy the "ferby" the term "FWerBy" came about.

2) The reason of fusing both terms was a "cuter and more playful associating" term for those involved in a "beneficial situation" since the 'ferby toy' is considered a 'substitute friend' for children.

a phrase chiefly used in northern England.

it is a contracted form of "it'll be reet", where "reet" means "alright" or "OK".

living your life according to "be reet" is the only way to find happiness in life.