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The girl friend of a gay man who spends a lot of time and money in designer stores - (as in Wife And Girlfriend).
Store Assistant: And is this for your girlfriend, sir?
Gay Man: Honey, please - she's just my Fag WAG.
by Graceyloo November 28, 2007
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When a woman and gay man have an extremely close personal relationship, usually from knowing each other over a long period of time.

Updated term for Faghag

The plural can be applied when a singular gay man has many female friends who he usually congregates with on social occasions. Fag WAG’s
1# Dan: "On the invite it says 'Plus 1', Am I ok to bring my Fag WAG?"

2# Dave: "I'm out this weekend in town with my Fag WAG's"
by Levi Heard December 12, 2007
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The guys that live next door. usually plural, since they attract each other. Will take a years worth of shit and not do anything about it, other than the occasional fussy fit (glass bottles--so passe) See also boner or dillweed or total vagina
The guys that live at 509 N. Campus are definately fagwags.
by glindy April 13, 2005
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