Someone who, for reasons unbeknownst to those outside of the Ferrari fag clique, displays an incomparable affection for the Ferrari automobile brand by wearing or displaying the most ridiculous of Ferrari-branded products, typically in groups of three or more products at a time so their loyalty is not questioned. Many Ferrari fags do not even own Ferrari automobiles.
(Overheard at a car show) Holy shit, did you see that Ferrari fag? He had the hat, shirt, shorts, socks and even the shoes on.
by M Schumacher December 19, 2006