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1.
adjective describing a person who is gay, directed towards them in a good way.
My, you are looking quite fagtabulous today.
by Aussi October 22, 2004
 
2.
The state of being while you are driving with two friends, while your friend is in Chicago and you are looking for a statue, named the boy in the third richest neighborhood in the country. However, in actuality, you never find the statue you are looking for, named the boy, and you just end up finding Marty, the scarecrow.
Yo this is just Fagtabulous.
by TK-427 December 23, 2005