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1.
It is a mis-pronounced version of "fucking", from the movie Johnny Dangerously where Roman Moronie used to butcher the English language.
You fargin icehole, I'm going to put your bells in a sling.
by Bredos October 28, 2006
 
2.
Cuban version of the word "fucking".
Roman Troy Moronie: Fargin' iceholes.
by Even more dudes December 29, 2011