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A World of Warcraft term, meaning awesome items the greatly increase the usefulness of your character.
"Holy shit! The entire Bloodfang set dropped and was given to one rogue!"

"PHAT L00T!"
by Hadranos September 05, 2006
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May 3 Word of the Day
Internet persona(s) who happens to follow you and you happen to follow them back and maintain communication with and have a mutual liking for eachother whether it be friendship wise, etc. (Mutuals if more than one mutual)
Monica: Oh yay! I made a new mutual today because we started following & talking to eachother on twitter and we like eachother (so it seems).
by qtheresurrection March 25, 2015
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