1 - an offensive term referring to a fanny pack, meant to suggest that the wearer of a fanny pack is a a homosexual or "fag", usually used by men so insecure with their masculinity that they feel the need to put others down
(Man A walks by wearing a fanny pack)
Man B (to friend): Wow, look at that fag bag.
by Hales (c) January 05, 2008

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The act of being gay homosexual.
That guy over there is such a fagbag
by Lisa February 11, 2005

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a gay guys ball sack
that guy is a fag bag
by Bob Farts June 01, 2010

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a mix between a faggot and a douchebag.
"dude i hate that gay douche!" "Yeah man hes a real fagbag!"
by dtheman February 21, 2010

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word used to describe a person who is not gay, but they get offended is you do call them gay.
tommi, "I'm not gay, but he is a okay lookin guy"
tiff, "you are such a fag bag, tommi"
by Beazlie June 29, 2009

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A phrase used to describe someone gay or to make fun of someone gay. Or you can use it to generally make fun of one person, or even groups of people when adding an "S" at the end. Not only that, it's a euphamism but it rhymes with itself just to make it sound jazzy. It is MEANT to be left to your imagination as to why the word "bag" is included in the phrase.
1.) "Man, that guy is a real fag bag. He wouldn't let me in the club even though I turn 21 tomorrow."

2.) "Those people in the mosh pit look like a bunch of fag bags just standing there with the long faces. Do they not realize they are in a rock concert?"
by Justin (PFC) in Kuwait February 07, 2009

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V. For a mob to beat up a certain amount of gay people.
As stated by South Park
Cartman:Lets kick the gays out, FAGBAG!!!, FAGBAG!!
Mob:we dont want to hurt them we just want them gone
Cartman: FAGBAG!!!
by Spongebob69 March 11, 2008

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