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2.
Perhaps someone who is both a fascist and a bully. However, the word "bully" in this case is most likely intended to be exclusively paired up with the word "boy", making a word whose meaning may simply be a generic insult.

British in origin.
"The Bank is run by fascist bully boys!"
by Asura October 26, 2004

Words related to fascist bullyboys

metroplitan police
 
1.
kill the niggers , break their kneecaps - we are the met boys.
by Ben Dover of the Yard April 20, 2004