LGFD Share definition Flag Stands for Lesbian Gay Faggot Dyke, a play on words of the popular acronym LGBT; can be an offensive way of describing a homosexual person or a general non-politically correct insult. Joe: "Looks like the gay pride parade is back in town."Bob: "Fucking LGFD's..." LGFD by Earljr69 December 27, 2016 0 0 Get merch