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Derived from the 1820s when Chinese immigrants, who would suck each others penises for the meager price of two dollars a month.

(n.) Slang for one who sucks or wishes to suck another mans dick.

(v.) In the process of sucking another mans dick.
(n.) Rob was acting like a two dollar fag at the bar last night, trying to touch me and shit.

(v.) Beau was two dollar faggin it last night with Rob right after the game!
by bokrossnowdenfig May 12, 2009