either meaning emo or prep. in no way shape or form does it mean gay or punk. it is one word, punkfaggot. not two separate ones, punk and faggot.
jacob: kyle you're such a punkfaggot.
kyle: *slits wrists*

OR

jacob: kyle you're such a punkfaggot.
kyle: i know, like, omigod, i am.
by kaylee michelle October 8, 2006
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