1.A word unconsciously used to insult a person(not homosexually).
2.A word used to insinuate that someone straight is gay
(or to just discribe and verbally hurt an actuall Homosexuall.
EX1)John:"Dude did you buy the new game?"
Person:"No man, i didn't"
John:"(in a calm, low voiced way) Haha, what a fag"
EX2)Person:"Man, those Subway meatballs are great man!"
John:"(Gives him a wierd look) Fag"
Person:"Geez man not like that"