A straight male who associates predominantly with homosexual males and thus reaps the benefits of the vast number of females who have let their guards down in their company. The term is short for "residual pussy".
Homo 1: "I thought Joe was fucking Tina?"
Homo 2: "No he's totes getting it on with Jessica"
Fag Hag: "Isn't Joe so cool for being so comfortable with his masculinity around gay guys?"
Homo 1: "He's just in it for the residual pussy."
Homo 2: "Seriously, he's a major Reggie."
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