(n.) a rum-based beverage, especially popular with sailors in the Caribbean and Wall Street tycoons in NYC
Skinny: "All we have left on the boat is a case of Mount Gay rum, tonic water, and lime - so I made this... try it.
Spanky: "That's great - it tastes like petting a mouse!"
Skinny: "Mouse Petters for everyone!!"
Mostly said by fans of Fall Out Boy after when Patrick couldn't reach the mic, Pete Wentz attempted to lift him up to it
Patrick: Er, and thanks to this mic stand for being really tall
Pete: *Lifts Patrick up*
Patrick: Thanks Pete
Since then, Fall Out Boy fans will randomly blurt out THANKS PETE or instead of just saying thanks. Now thank Pete for this definition
Friend: *opens door for me to walk through*
Me: *walks through* Thanks Pete!
Friend: dafuq
When you are forced to leave a group against your own wishes and the group achieves success or happiness without you.
Pete best was fired form The Beatles, and replaced by Ringo Star; before the Beatles reached commercial success.
I got Pete Bested when I was cut from the team and they went on to win the championship.