FERG is a word that is spelled and carefully pronounced as to not offend the gay community. It can be spelled either 'ferg' or 'furg', and is a branch-off from the word 'fag'.
The word fag is defined as "a homosexual person; a stupid person.'
The word 'ferg/furg' simply means dumbass, retard, douchebag, and stupid fuck, in nicer terms.
It is usually screamed at another person in such a way that it sounds like the word fag but there is really that underlying sound that makes it furg.
Person: Loook at my shoes! They GLOW!
Cool Person: God Kevin, you're such a FERG.
*Person Honks At Girls Walking Down Street*
Girls: LICK MY BALLS FERG!!!
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