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A fancy word for someone who thinks they're better than everyone else because they wear nice clothes and act like they own the place. It can also mean something that's really cool, but it's still full of itself.
My cousin is such a f'pants. He eats steak for breakfast and still complains about the food.
That new car is f'pants. I'd rather ride a bike.
She called me a f'pants for not knowing what a cappuccino is.