fagwank

a person who wanks/masturbates to gay porn.

dicky C: what's up dr. Faggot?

bill: oh my god, somebody needs his dose of fagwank!

by mr. awesome007_licence to kill June 23, 2011

fagwanker

A popular colloquial amalgam, comprising of the two slang roots; 'fag' and 'wanker', meaning:
1. Somebody who engages in masturbation with homosexuals
2. Somebody who is not held in high regard by the user, rather, is strongly disliked.

Des: "Hey John, I just bought a radiohead album!"
John: "Go wank some fags, you damn fagwanker!"

by arklow representin March 23, 2006