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Refers too a person who is gay and has small, cuddly, soft appearances and tendencies. A co-mingling of rabbit (small, soft, cuddly) and fag (gay).
That other guy was such a fabbit, he even had a furry scarf!
by EZ3ddie December 06, 2010
Fabbit is the word used to describe someone who's appearances are a mix between a rabbit and a fish.
Joey: "Hey check out that chick by the bar, her face is like a mix between a rabbit and a fish!"

James: "Ohh you mean that Fabbit?"
by cambo123 May 25, 2008