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F.P. or Fag Potential is a person whos sexuality is doubtfull; somone who can be straight but in his actions/clothing/talking/mannerisms can act gay.
Gaylord: Look Steven theres that hot mike...I wonder if hes gay?

Steven: Totally F.P.
FP by Kristian January 26, 2005
Related Words
fps FP fpoon fpos FPC FPP fpm FPD FPE FPF
"Frog Prince", the extra fat under a persons chin, aka double chin.
"That guy's FP is covering his collar," or
"He's throwin' a rude FP."
FP by andyballz March 31, 2005
An FP is a type of gay prostitute usually found in South or North Philadelphia. This acronym was made in the 60's and used to describe gay prostitutes.
Omg! That man is dressed as a woman. He looks like an FP.
FP by Kween of Selfies December 27, 2018
She's a real FP -- luckily I ducked just before the frying pan went over me and through the wall
fp by Fred1169 August 8, 2015
An abbreviation. It stands for Feak Pontetial. This is used when youwant to describe what type of mate you ar searching for.
" I want a guy who has FP, and knows how to put it to use."
Fp by Morena_loca06 May 13, 2005
An abbreviation. It stands for Federation Prisoner. This is a nickname given to Amuro Ray of Gundamforum.com/Amuro_Ray of #gundamplus on IRC chat.
Damn FP that sentence you typed had many typoes.
FP by FP June 5, 2003