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1.
It means Faggot Basically this was started in World of Warcraft on the Burning Blade (horde) server.

During a SSC Raid we were thinking of new ways to spell "Faggot" So we were about to attempt a boss and some of us still trying to spell Faggot In a different way led to quickly typing "Gaifet" when I really wanted to spell "Faiget"

And thats how it all started.
Raid Leader: Noobs we're starting the boss, here we go!

Raider: Dude you're a gaifet! I mean FAIGET!

Raid Team: Lololololz. gaifets.
by RFM1 May 15, 2008

Words related to gaifet

faggot agg fag fagget gay