1 definition by Sexual Harassment Panda

1) Being in a state of extreme homosexual flamboyance.
2) Being in the presence of a large number homosexual persons.
Guy 1: Hey dude, have you been to Club Med Gym recently?
Guy 2: No way man, last time I went it there it was like fag factor five, there was so much flouncing I had to leave.

or

Guy 1: What is that guy in the leather trousers doing?
Guy 2: OMG he just squeezed that dude's ass
Guy 1: I think we've just reached fag factor five in here
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