What is Nice Try?
1.
what you say to something far fetched that only an idiot would belive
Jacob- I am currently a professional tennis player and has 3 supermodel girlfriends.
Eunice- Umm... Nice Try! Do you take me for a fool?
See
2.
(v.) A phrase used as a response to another's unworthy chance at a come back when called out.
Levi - "Your complete dork dude...."
Slice -"Yeah, nice try. Why don't you try and think of something innovative you chumpaholic."