A smiley face next to someone's name, say in an AIM profile, meaning that the person that put the smiley there either wants them or thinks this person is a fag. The most common fag sticker is made up of an equal sign and a bracket . =]
XD123: Hey =]
BD567: Wow, way to fag
Me:Did you see the fag sticker on Dave's shirt?
Bob: Yeah, classic!