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A vehicle originally intended for 16 year old high schoool girls but found a following within the male homosexual community. These vehicles are often convertibles (so everyone can see how fabulous the driver and passengers are) and are subjected to various forms of customization, including but not limited to decals and very large spoilers. Examples of these vehicle: Honda Del Sol, Mazda Miata, VW Cabriolet.
Look at Jason in his fag wagon.
fag wagon by M.J. 2 February 11, 2006
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Any late model sports-type car. Often owned by rich, middle aged metrosexuals or openly gay men.
Look at that Eclipse Spyder over there, what a Fag Wagon.
Fag Wagon by Yoshie February 20, 2008
Related Words
a Dodge Caliber.
That Caliber is such a fag wagon.
Fag Wagon by goodhart March 17, 2011
A wagon or car full of Fags(Homosexuals). Used as an insult, it dates back to when bundles of sticks were transported by horse-driven wagon. It is used most commonly when someone and or a group you didn't invite to your party shows up anyway.
Bruce: "Aye! Looks like the fag wagon finally arrived!"
Jaime: "Shut up! do you always have to be such a douche!? GAWD!"
Bruce: "YAYE!!!"
fag wagon by C. Calypso April 8, 2016
Derogatory term for an ambulance. Typically said by firefighters.
Where in the hell is the fag wagon to pick up this jackass patient.
fag wagon by Ali T February 11, 2006

Fagwagon 

A tightly nit group of homosexuals that have both relational and casual sex with one another.
Fagwagon by Solowingpixy22 September 8, 2011

Fagwagon 

Pronunciation: \ˈ'fag-ˌwa-gən\
Function: noun
Usage: often attributive, hybrid form of bandwagon
Date: 2014
1 : A member of the LGBT community who suddenly claims they are a "fan" of a particular sports team, even though they had no prior support for/interest in the team until a member of the team "comes out of the closet" as an openly gay member of the LGBT community
Example: "Julian became a fagwagon fan of the Brooklyn Nets only after Jason Collins became the first openly gay player in NBA."
Fagwagon by devo69dvx June 17, 2014