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1. Someone who is extremely flamboyant and homosexual; "extremely gay."

2. A combination of the words "faggot" and "douchebag" hence the creation of "fagbag".
1. Look at that fagbag's outfit over there!

2. That guy was so annoying, he was a total fagbag, I'm sure he likes guys.
fagbag by CahRayZee March 6, 2010
Fagbag: A bag with pride colors
1 : Look at my fagbag
2 : Beautiful rainbow
Fagbag by Fake Paul February 7, 2022
A one piece suit. Most often used in the ski industry to describe male skiers wearing a one piece ski suit.
I refuse to go skiing with any guy that wears a fagbag! Worse yet, a snowboarder in a fagbag is just out right wrong!
fagbag by muncie February 25, 2003
Fagbag is a faggot that t-bags other guys
OMG that Faggot over there is a fagbag look he's T-bagging that other guy for no reason
Fagbag by SexyBeast25 June 17, 2009
its a word that is used to tell some one that they are a faggot and a doucheba put into one so u get two disses at them
fagbag by joey salesmen February 28, 2008
Someone who wears a one piece snow suit to ski or board in.
Look, fagbag!

Or:

He's in a fagbag!
fagbag by Mad Boorn March 3, 2010