Fagout Share definition Flag To go and ditch your friends and do something else. Most of the time found out by text message or phone call by another friend. Guy 1: Dude Guy3 just ditched us to go play PS3 instead of hanging out. Guy 2: What a fagout! Fagout by Kazooie64 November 28, 2009 0 0 Get merch Get the Fagout mug. Buy Now — $32.95 See more merch