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Something that's fake. Something that doesn't exist in any way, shape or form. It's made up.
Mark Hanna: You know what a Fugazzi is?
Jordan Belfort: Fugazzi.. yeah, it's a fake..
Mark Hanna: Faguzzi, fugazzi, it's a whazzie, it's a whoozie.. it's a.. fairy dust. It doesn't exist. It's never landed. It's no matter, it's not on the elemental chart. It... it's not fucking real!
Jordan Belfort: Riiight lolz

(from The Wolf of Wallstreet)
Fugazzi by ezekwail April 11, 2014
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Every other girl you meet is fugazzi.
Fugazzi by Jimmylee13 October 17, 2018
Related Words
its a fuckin fugazzi!
shes a fucking fugazzi
fugazzi by deadcat June 24, 2003
Be Fugazzi, Don't Be Fubar
fugazzi by kymcleod October 12, 2003
Something that's fake. Used in rap to describe an unloyal person.
Bitch, is you crazy?
Bitch, you fugazzi
-Rapper Trouble on his song "Taking Chances"
Fugazzi by PhatPotato December 4, 2018
Maeaning: Fo’get A “Bout it! Don’t mention it again!

French Canadian mostly used like a Boston Mob Slang as a pun or retort to focus on a bigger picture ~ I.e.
Exclamation:
“Hey, you got his brains all over my shoes! “
Retort:
“ FugazZi “~~” Think he minds getting a new pair, you? “.
Fugazzi by Hoppinnpoppin May 21, 2018
1. Adj. Fake,unauthentic,sub standard person or thing.
E.g. 1. yo those gold chains ain't real son, they're fugazi
2. N. Something or/and somebody that is fake,inferior or sub standard.
E.g. 2. i only believe in what is real no time for the fugazis.
Adj. 1. those shoes i bought yesterday are bunch of fugazis.
Adj. 2. that dude is not real,he's fugazi.
N. 1. i only roll with real people, i don't roll with fugazis.
fugazi by BLAKA September 11, 2018