Top definition
Like a sailboat, but it phails (fails).
LOL LOOK AT THE TITANIC, IT'S A PHAILBOAT!!
by Hannahlawlz November 04, 2008
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Sep 16 Word of the Day
(noun) A successful type of theft which results in an acceptable, impressive and rewarding payday for the protagonist.
Last night, hit a good lick. I brought home three figures easy for about two hours worth of my time. Not too bad I don't think.
by Nikki Stixx January 18, 2021
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2
(verb) the act of an EPIC fail or the act of committing celebration.

If said once daily, superstitious believers think that it brings amazing luck to you and all that you love.
-"Let's commit celebration!"

(*committing celebration fails*)

-"That was phailboat"
by The Akid June 23, 2009
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