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1.
A large, clunky hunk of plastic that "professional" fighting game players use in order to make themselves look cool to the fighting game community, but like a huge faggot to everyone else because he's handling a stick with one entire fucking hand with no shoulder buttons.

Supposedly it makes you better at fighting games, but this is actually 100% genuine bullshit. Professionals get paid to play with them so that dumbasses will waste money on them THINKING that they'll get better, and then the professionals, manufacturers and retailers all get money from someone else's stupidity and laugh as newbies struggle to handle their oversized plastic sticks.
Joe: Hey man, did you see Seth Killian advertising that new Street Fighter fight stick?
Bob: No, and I really don't give a shit.
Joe: Well its gonna make me better at Street Fighter, I'm going to go spend $120 on it.
Bob: Whatever man, I'm going to the brothel and getting laid for $120.
(6 hours later)
Joe: DUDE!
Bob: Let me guess, your stick made you a million times better or something.
Joe: NO MAN I'VE BEEN PRACTICING FOR HOURS AND I CAN'T DO ANY COMBOS AND I SUCK AT IT BECAUSE IT'S A USELESS PIECE OF GARBAGE!
Bob: Dude, chill the fuck out.
Joe: I wasted my money... I could have gotten laid.
Bob: Sucks to be you.
by EclipseSentinel June 28, 2011
 
2.
A sportsball terminology, fightstick refers to the Canadian sport, "hockey". This is often used in a derogatory sense.
"I was at a fight and a hockey game broke out."

"Sounds like a quality game of fightstick."
by The Big JWrinkle February 27, 2012