Intended to make your friends feel stupid about themselves. Ideally used in gchat, where you send the message and then instantly sign off so the person cannot respond, or in text messages from someone else's phone where the number is not recognizable. Various other very creative forms of 'fagging' are emerging worldwide.
"I don't know, man. I just got fagged."
"Hey, can you fag my friend for me?"
"Yeah, give me the number.... Ok, I fagged that bitch hella bad!"
"Fisher, you mean to tell me you got a letter in the mail that just said 'fag.' in it?"
"Yeah, I got snail mail fagged"
his/her friend then turns to them and declares, "you just got fagged..."