a raggit is essentially a straight or bi-sexual male who pretends to be gay in order to get women. This is considered a dispicable act and anyone caught acting in this manner should be jumped.
A faggit who pretends not to be gay in order to hide his own sexuality, usually by eating a women's vagina, or eating rug.
rug eater+ faggit= raggit
raggit- "hey gurlz! wanna go shopping, and then have a chick flick night?!"
girls - "omg yes ! I'm so glad to have a gay friend, you understand me!"
raggit (thinking) "I cant wait to get this girl drunk and make out with her later"
ex: Guy: that dude is such a raggit
Girl: I could tell, he didn't even want to have sex.