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According to 'Another Cinderella Story', it stands for Paid, Young, and Taking on the World from the Driver's Seat.
"You're the New Classic, You're the new PYT."
"Pretty Young Thing" as in a sexy, younger man. Term is used by a (slightly) older women to refer to her boy toy.
I'm going to let my PYT put it on me tonight.
Puta Y Tonta
Puta: Whore in Spanish
Tonta: Dummy in Spanish
She was a real PYT she used to work the red light district.
the pyt also known as pans young team are a group of bumping cunts that think they run the pans, when getting into a fight the poofs may end up bringing a weapon also some are hard as fuck (be careful lads)
Something only gay niggas say to attract staight niggas
He: fis de pyt
Me: what's fis de pyt ?
He: fis de pyt my dick nigga