Pancelled

Waiting until all the cool people are at the party, then calling everyone else and saying it's cancelled so they don't turn up and ruin it.
Short for: "Party Cancelled".

Andrew: "Maria, who else is still coming to this party?"
Maria: "All the guys from work"
Andrew: "Screw them... this party is now Pancelledl!"

Trust Me

What you say when you have no idea, but are looking for entertainment

JP: "Yeah, the ground looks good, you won't get bogged. Trust me."

Phaf

PHAF: when you can't decide if someone is PHAT, or FAT. So, it has BOTH the "PH" and the "F" in the one word.

Man, that chick if fat, and yet still phat.
She's fully phaf man.

Phot

PHOT: Someone SO HOT, it needs a "PH" to fully describe it.

Derived from "Phat, like with a PH".

Andy: "She's like totally HOT with a PH"
Suzie: "So, she's like PHOT?"
Andy: "Yeah man, she's PHOT like Rhianna"