Faggy Waggy is basically just a less offensive way of calling someone a faggot that also makes you seem as if you're looking down at them due to it's childish tone. It works most efficiently if someone is complaining about something childish, or just anything in general.
E-dating mineman that doesn't even try to hide his cheats. Also has a bad habit of using ugly profile pictures. Loved by millions of other e-dating minemen.
1) carlos: *stuffs watermelonon his head*
girl: "don't be wagly!"
3) girl 1: "why are you being so weird?"
Girl 2: "I'm not weird, I'm just to wagly for you"
A wagey is someone who works a, typically unfulfilling, 9 to 5 job for a paycheck. It is often used by people who are self employed to refer to people who work for faceless corporations.