party hat, rare RuneScape item
'omfg i saw this rich n00b with a p hat'
Short for 'partyhat' a symbol of wealth in the massively multiplayer online roleplaying game 'RuneScape'. They were 'dropped' in game on Christmas 2001 inside of Christmas Crackers, which you use with another player to obtain the hat. Today, they are worth millions in RuneScape currency and require months of playing to obtain. People pay upwards of 500 U.S. dollars on Ebay for certain hats, as they come in different colors(Blue, White, Red, Green, Yellow, Purple).
OMG that dude is so leet he has a p-hat!
I'll never make enough money to get that blue p-hat..
P-Hat Or Party Hat is a very Rare Discontinued Runescape Item that is worth Hundreds of Millions of Coins
Noob1 - wow that guy has a P Hat .. he must be rich.
Noob2 - Dude, P Hats are a sure sign that guys never been laid...
a head garment worn by people with learning disablities to keep them warm
"Oh my, look at jason doesnt he look good in his P-Hat"
Slang for an uncircumcised penis
"I'm rocking that mufuckin P HAT. You can't get your shit back"