Used to insult someone,often used in online games or the internet, it is often used when asking someone to do something and they refuse, you then say "you fagzoid" its a more friendly term of "fag" which is a very derogitarty thing to say to someone.
Letters are often changed into numbers following the rules of LEETSPEAK.
Callum- "play zombies on PS3?"
Liam- "No im busy, maybe later!"
Callum- "You fagzoid"
(1)A name for a homosexual sticker.
(2)An asteroid shaped like a penis.
(3)A rainbow colored shape.
Look at that fagzoid on the back of that jeep.
Dude,Jeff, if a fagzoid is gunna hit Earth u can just bend over and take it up the ass.
Look at all those fags and there fagzoid sighns.