party hat

A VERY expencive item that you can buy on runescape for 5-30mil gp, (gold pieces) there are lots of different kinds of phats such as: pink, blue, white, purple, green, and just about any other color you can imagine, if you were a party hat to a drop party, people will drop cool stuff next to you, it was originally formed out of a "cristmas cracker" that you pull with anouther person that also has a cristmas cracker, and you would then each get a different colored phat!

Party hat's are very very expensive :D

by Kyle Biddle August 1, 2004

party hat

An uncircumsized penis. The extra skin acts as a hat.

"I had to pull back Shawn's party hat to even tongue his tip when I was fellating him." Exclaimed Christine.

by PartyFavors.com December 16, 2008

party hats

erect and mighty pointed nipples

Hey it must be cold out because your mom has her party hats on.

by logos August 12, 2003

Party Hats

What girls call their nipples when they get hard from the cold.

Oh my gosh, it is so cold in here. I am getting Party Hats!

by cat.c September 14, 2005

Party hat

1) slang for condom

In the course of one debauchery-filled night with his buds Jason went through about four party hats.

by Kaworu June 30, 2004

Party hat

A discontinued item in runescape, obtained by pulling a christmas cracker. there a 6 difernt colours : Purple>yellow>green>red>white>blue. they range in prive from 154m(purple) to 450m(blue) and rising.

Noob: zomg i wanna party hat gimma a party hat or il report u to jagux!!
Noob2: no wai nub dis iz my phat

by Teh 1337 owner December 3, 2006

Party Hat

It's a party hat

Person 1: Hey we've got a party today
Person 2: Remember your party hat
Person 1: *~<|:D

by hilol April 18, 2011