Chilean Slang: Flaite

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An excellent Chilean word for a lowlife gangster or knacker is "Flaite". (Equally interchangable with the telecommunications company Telefónica, in my humble opinion). Pronounced FLY-tay, this word is apparently a Spanish acronym for the following:

flacuchento, lansa, antisocial, indecente, traficante, engrupido.

That's according to some "diccionario de modismos" I found on the Internet. Here are the definitions of each part of the acronym:

flacuchento - skinny
lansa - thief (i think)
antisocial - anti-social
indecente - indecent
traficante - drug trafficker
engrupio - show-off

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