1.A disliked individual; an idiot, an asshole, a moron. One who perpetuates a state of homofaggery
2.A homosexual; one that engages in the act of homofaggery
1. Damnit David quit being such a homofag and shut your mouth.
2. Johnny has sex with other men, Johnny is a homofag.
Note: One can be a homofag and not be a homosexual.