1 definition by TVR1977
It is wise guy slang for a fake or a knockoff. It does not come from Italian as far as I know, except that it probably comes from an Italian name (see the following) . It just sounds like the word "fake." It's origin probably comes from the Fugazi Limousine Service which was a company that ran ads constantly on the local New York TV stations in the 70's. Everybody in the NY Tri-state area knew those ads. BTW, it has NOTHING to do with "FUBAR" in meaning or origin.
by TVR1977 January 23, 2018