A combination of the words cheat and patriots to refer to the New England Patriots and the cheating scandal that surrounds them after the Jets snitched on them at the beginning of the 2007 season.
"Can you believe those Cheatriots?"
"What now? They laundering money like Hines Ward?"
"No, they blew out the Redskins by like 50. It was ridiculous. I can't wait till they lose to someone."