A spoonerism for "fake titties." Often used in polite company to express that a woman's breastages have been enhanced with a boob job.
A: "Check out that chick's tig ol bitties!"
B: "Yeah, that ho has a nice rack, but she had plastic surgery. Those are take fitties."
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A descrite way of pointing out a nice set of fake tits.
Joe: Hey frank did you see those take fittys.
Frank: Yeah I bet those cost a pretty penny!