a "l337" term, an alternative for the word "loot" describing the prize you obtain for killing a mob or boss in a game.
by Faragord June 23, 2006

by Kinetix August 14, 2003

by batman October 08, 2003

Phat Lewt = Fat Loot
Fat as in the slang word; Cool/good
Loot as in Items picked ut(looted) from mobs in games, most often mmorpgs
Fat as in the slang word; Cool/good
Loot as in Items picked ut(looted) from mobs in games, most often mmorpgs
by mriswith April 13, 2006

by Anonymous January 26, 2003

Used primarily in online mmo's, and describes exceptional treasure. Much better than regular lewt, phat lewts are usually rare and powerful items, such as weapons or armor.
by Ted Lach January 09, 2006

by Thran February 13, 2003
