It's origins date back to Sir Anarchy Jones of 13th century England where it was fabled that one of his servants had stolen one of his throwing knives. Upon discovery of this terrible act, Sir. Jones snatched him by his haunches and made him look into his eyes. In a fit of rage he called him a Faggity-Ass-Bitch-Nigger and the word burned through his soul.
*CAUTION-THIS WORD SHOULD ONLY BE USED UNDER THE MOST EXTREME CIRCUMSTANCES*