A person who is ugly but still fuckable. Someone who is not too ugly to fuck.
Some Nigga: Damn homie she all over ya dick, you gonna tap dat?
Some Otha Nigga: I don't know, she fuggable I guess so yea.
Someone fugly but within the realms of fuckable. Ususally someone that has a hot body but you wish you could chop their head off. Or at least place a paperbag over it.
"You know XYZ? Well, she's fuggable."