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1.
Phat Lewt = Fat Loot
Fat as in the slang word; Cool/good
Loot as in Items picked ut(looted) from mobs in games, most often mmorpgs
I want phat lewt!
I got phat lewt!
автор: mriswith 28 февраля 2006
 
2.
To attain elite equipment in a game by various means.
"d00d! I got PHAT LEWT!"

or

"I want teh PHAT LEWT!!"
автор: Thran 13 февраля 2003
 
3.
Used primarily in online mmo's, and describes exceptional treasure. Much better than regular lewt, phat lewts are usually rare and powerful items, such as weapons or armor.
w00t! phat lewts!

Man, those purple drops in Molton Core are phat lewt!
автор: Ted Lach 8 января 2006
 
4.
Extremely good items aquired in any game for killing a boss/completing a quest. Typically used in mmorpgs
Dude I just got phat lewt for killing that monster!
автор: Maximillius 22 февраля 2004
 
5.
Really awesome loot from a PKill see also: wordSick Armor
автор: three_sixteen 13 февраля 2003