The combination of : Tea Bag + Tease + Faggot= TEAZ BAGGOT. In refering to a guy who is being a huge tease and is being a faggot about it. Generally the guy will make plans and act like he really wants to hang out, but will continually cancel on you. Making you WANT IT. making him a TEAZ BAGGOT.
Girl: Hey you hanging out with Jason tonight?
Friend: No he said he was having a Bro Night with his friends...
Girl: What a fucking TEAZ BAGGOT.
Friend: I KNOW. this is the third time.