1. Someone who becomes angry at everything, jokes, sarcasm, arguments over nothing, ect. Hard to be around sometimes everyone usually knows at minimum one.
2. An angry homosexual.
1. "Dude, I was talking to Steve today, we argued about what color group maroon belonged in, he got so mad."-Friend 1.
"He always does, he's a ragefag."-Friend 2.
2. "Woah! Thats an angry homosexual!"-Person 1.
"ITS A RAGEFAG!"-Person 2.