Masterfag is the highest point on a representational scale of how faggy something is. It can also be used to show how someone or something has mastered the art of being a fag.
(n.);masterbassing-(v.) pronounced: Mast-er-bash-un
The stimulation of ones own bass guitar, especially slapping, which results in immediate pleasure and self-gratification. Depending on the length and intensity of masterbassion, pain and/or blisters may develop.
No one would give me the credit I deserved for a great project at work, so I was forced to shut the door to my office and masterbask.
I had just finished painting the bathroom and showed my wife, she said "fine" but you have more work to do. I needed to masterbask in my accomplishment. Then I felt better.
On a fishing boat, one of the three common grades of baiters (those who handle their little fish in hope of attracting a bigger fish).
When I first started this job, I was just an Apprentice, but after long years of conscientious study and hard work, I made it to Journeyman. Now I'm studying hard and trying to work my way up to MasterBaiter!