A pornographic magazine featuring content oriented towards homosexual males.
Get me some porn; get me something really nasty too; I don't want any of that airbrush shit. Get yourself a little treat too; get yourself a fag rag.

-Little Miss Sunshine
by AlanArkin April 10, 2007
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a newspaper focusing on gay issues
the village voice is the only mainstream fag rag- i can't even count the pics of chicks with dicks in there
by mung April 26, 2003
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A handkerchief or bandana being worn as a part of the Hanky Code
I got dressed up for the bar, carefully tucking a red fag rag into my back pocket.
by Simos October 23, 2006
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the male homosexual version of a tampon, used to soak up excess blood from assholes usually most commonly used by people new to ass sex or those who like it ruff and dry.
Anthony:I haven't changed my fag rag for days it crusted into my asshole, anyone want to try and break it free?
by kristarkrustar June 2, 2009
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A newspaper sold out to the poof agenda. Its editorial position assumes that all readers enjoy being poofters or support poofter causes and events.
The San Francisco Chronicle is a fag rag.
by Bumkicker Slade May 7, 2005
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The rag or towel used after male intercouse in order to wipe the lube in and around the anus.
Mr. Sisneros helped kyle clean his anus with the fag rag
by Alex Yearsley March 4, 2008
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