Term coined in 1987 at Oregon State University in Corvallis, Oregon. OSU has an extensive Greeksystem of fraternities and sororities. The term Fugly was used by students in the Graphic Design Program in describing the over use of makeup and mall bangs, a common hair style during the 80's by sorority coeds.
My friend walked by the Tri Delta Sorority today and noticed an unusual amount of fugly coeds on the sidewalk.