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 24, 2014
by Bill C March 17, 2004
by cherryblossom17 November 20, 2010
When gay people play tag.
by TrollBananaMan123 May 22, 2017
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 18, 2003
by Big Ol Fag March 30, 2006
The tag inside of a shirt indicating size, material, etc., SPECIFICALLY when it is flipped (accidentally) outside the shirt & showing.
by El Dwayne December 04, 2005