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Definitions by Hippie_Chick

A man purse. Generally used to carry around books, granola, workout gear, or anything that needs to be carried. Sometimes they are decorated with pins or patches. A Fag Bag can be a small backpack, a slingbag, or a tote.
"Ew! look at that hideous Fag Bag that Chris is sporting!"

"Fag Bags are SO hot right now."
Fag Bag by Hippie_Chick March 9, 2009