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Short for Fag Circle Of Trust, where a bunch of naked dudes stand around in a circle and sit down on each others erect cocks and joining all that are involved in a massive gay orgy that relies on everyone to work.
Dude 1: Hey do you want a do a F-COT, we do it all the time at camp?
Dude 2: Sure.
Dude 1: Ok than take off your pants and get an erection.
Dude 2: WHAT!?!
by Savage J October 11, 2007
A contraction of the primary four letter word for fornication and a part of the female anatomy characterized by the saying 'see you next Tuesday'
Your're a fcot.

Get to work fcot.
by Jim Oak October 09, 2006