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From the roots fag- meaning gay and agnostic meaning indifferent. A person who is fagnostic isn't really gay, but isn't really opposed to the idea. Most fagnostics are closet cases or 'three beer queers.' Also, refer to 'hipster.'
Co-worker #1 "Look there's Jim, I heard that he's gay, someone saw Todd blowing him at the Christmas party."

Co-worker #2 "No, Jim's just fagnostic, he'll take oral from anyone when he's drunk, he's got a girlfriend in Canada."
Fagnostic by stevexumba December 22, 2008
Related Words
A young, Extremely handsome faggot.
"Check out that Faghot!"
Faghot by noachie April 29, 2013

Faggostish 

well...whom ever thought of this word, is a moron.
Faggostish by BloodyEvening April 6, 2003
person 1: have you seen that guy?
person 2: yeah hes a faghot
person 1: i know
Faghot by miragus April 1, 2018

fagostomy 

Fagostomy
A Fagostomy, When one goes for a smoke or fag break, “ok I’m off to break a cigarette”
fagostomy by PharmaRu June 22, 2018
My finger slipped while typing the word "fagg*t"

This can be used to express your inner British accent.
"BEGONE, FAGHOT!!"
FAGHOT by ZelHK March 16, 2019