(verb) to get rid of an item and replace it with a newer or better version.
This has been popular on a handfull of message boards, and is beleived to be named after Ethan Forhetz of Illinois, who claims to have been the first person to get rid of a land-line phone and only use a cellular phone.
"I am going to forhetz this old cell phone, and get one that takes pictures."
Forhete describes the behavior of someone or something which hectic and byzantine in nature. It can be used to describe bad behavior or a cool situation.
ie " the party was crazy, everybody was going forhete"