phancito Share definition Flag A masculine version of the word 'phancy' (A combination of "phat" and "fancy". Something or someone of high quality, cool and or sexy.) denoting a young papi chulo. A hot phancito asked me out to the bonfire tomorrow night! phancito by Phancito April 15, 2008 0 0 Get merch Get the phancito mug. Buy Now — $32.95 See more merch