There are a few deifnitions for this word.

1. It's the olde English terminology for a bundle of sticks. I doubt anybody really uses the word for that meaning anymore. Maybe some old people in a corner of cornwall do, but they don't count.

2. A term used for a disgusting British delicacy often eaten with peas and purchased from a low rent fish and chip shop. It's basically the ass and innards of a pig ground up into blobs of indistinguisable brown meat. It is NOT a british term for a cigarette. If you went up to a guy on the streets of london and said 'have a faggot?' they'd probably beat you up. The correct word in that situation is 'fag'.

3. The most common usage today is for a homosexual. Who knows how it evolved into that but with the older meanings about sticks and balls of ground meat you can probably guess. The word has been reclaimed(in the same way as the word 'gay') by teenage boys who feel the constant need to affirm their masculinity by putting down gay people and femeninity.

In these times not really used if somebody is really a homosexual mostly used insteap of calling somebody stupid or a loser.

a bundle of sticks or wood.

1. A term used to refer to homosexuals, often as a slur.

2. A bundle of sticks

3. The Bottom in a BD/SM relationship

Coined in the victorian era, this term comes from the practice in British Public Schools of making the students do menial tasks such as gathering the sticks to make Faggots, which were used instead of logs. These menial tasks became known as "Faggot-work", and it was the lowest of the low socially that typically were made to do these tasks. These boys were often physically weak as well, and were left open to sexual advances from other boys or teachers with little or recourse to refuse

Justin Bieber..

Slang term for homosexual, usualy one who is flamboyantly flaming

1. A bundle of sticks.
2. British term for a cigarette.
3. An insulting term for a gay male, usually used by insecure straight males of the teenage persuasion to "show that they are not gay". Still, used among gay men, "faggot" is sometimes a term of affection/badge of pride, but it is still a loaded word.

You all got the derogatory terms down and the whole bundle of sticks, yet you forgot the fact that it is also a well known British food stuff made of some form of processed meat, usually served with gravy produced under the name of "Mr Brains Faggots"