Phact: A contraction of "phantom fact". Ref. synonyms fake news, alternative fact, lie, prevarication, falsehood, bullshit. May be ineffectual for oral communication since it rhymes with fact. Suggestions for oral expression: 1. Draw out the initial consonant, "fffffact", accompanied by exaggerated eye rolling. 2. (Preferred) pronounce it, "P Hacked"; resist temptation to use this form as a transitive verb.
"KAC just gave us the phacts on that issue. Now I understand!"
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