another spelling of the word faggot
"wow, miles is such a phaget"
"because he's a jew"
"haha. stupid jew"
Similar to faggot, but different in pronunciation and has a little different of meaning. Does not necessarily refer to a homosexual. Used to describe a scrub, or someone who is generally presents poor form in most activities.
Guy 1: Dude Ken got an F on that easy midterm!
Guy 2: Yeah, Ken is a such a phaget.