A rainbow bracelet or other piece of rainbow jewelry that signifies homosexuality and/or a willingness to get fucked in the butt.
"Hey bro, what's up with your bracelet, it's totally a fag tag."
"Oh, yeah it's to show guys that I'm ready to taste the rainbow."
"Oh, yeah it's to show guys that I'm ready to taste the rainbow."
by crownofpants November 23, 2014
Get the Fag Tagmug. by Bill C March 16, 2004
Get the fag tagmug. by cherryblossom17 December 7, 2010
Get the fag tagmug. When gay people play tag.
by TrollBananaMan123 May 27, 2017
Get the Fag Tagmug. A rollicking fun game, played by *hopefully* heterosexual males, in which one male performs an act mimicing gay sex or some similar act on another, and then calls the recipiant gay.
by W Engl September 17, 2003
Get the fag tagmug. by Big Ol Fag April 25, 2006
Get the Fag Tagmug. The tag inside of a shirt indicating size, material, etc., SPECIFICALLY when it is flipped (accidentally) outside the shirt & showing.
by El Dwayne December 28, 2005
Get the fag tagmug.