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1.
Someone who is not only a fag, but a FLAMING fag. Flaming such as a mideval dragon would.
"Hey, check out my new jeans man!"

"Don't be a fagdragon, there are people around."
by MeanDean99 January 27, 2009
 
2.
nerdy word that you would use to insult someone
guy 1: "Did you see damien today?"
guy 2: "yea, he's such a fag dragon. lmao."
by johnson dragon drive December 21, 2008