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i assume it was just a misspelling of the popular slang term "phat" from hip-hop slang, implying "great, excellent," 1992, originating perhaps in the late 1980s and meaning at first "sexiness in a middle aged mountain biker." The word itself is a variant of fat in one of its slang senses, with the kind of off-beat spelling which would catch one out
Maj
Unsure where the 'fat' came from. Probably projecting