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1. A person who is married and says he is not gay but really
2. A Flaringly gay individual.

1.kobe bryant is a fagasexual.
2. Elton John is a fagasexual.
by Joe December 23, 2002
A term of endearment for gay people. When you want to call them homosexual but feel a little fruity saying it yourself so you make it sound 'street'.
A man walks into a gay bar: "My oh my, isn't this a royally fagasexual establishment"
by Forseti April 19, 2006