Possibly the most eloquently constructed curse word in all of humanity, and it's true meaning can only be learned from experience. It may be used as an expletive or a noun and traditionally the first letter of each section is capitalized out of respect for it's power.
It's origins date back to Sir Anarchy Jones of 13th century England where it was fabled that one of his servants had stolen one of his throwing knives. Upon discovery of this terrible act, Sir. Jones snatched him by his haunches and made him look into his eyes. In a fit of rage he called him a Faggity-Ass-Bitch-Nigger and the word burned through his soul.
*CAUTION-THIS WORD SHOULD ONLY BE USED UNDER THE MOST EXTREME CIRCUMSTANCES*
(Noun) A typical word your engineering professor will yell at you in the middle of lecture to flex how he is smarter than you but never explains what it is.
Student: "Dr. Peng, I was wondering how you solve this carnot cycle?"
Smartass Asian Professor: "Fugacity"
Student: "I don't understand what you mean"
Smartass Asian Professor: "I can't help you. Go work at McDonald's or quit school. This is highschool level problem."
When something, someone, or someplace is incredibly gay. Similar to the word capacity in that there is a point where something reaches it's maximum as there is a point where something is so gay that is has reached it's fagacity.
"Yo I had a dream that i was swimming in a pool full of Justin Biebers."
"Damn that pool has definitelyreached it's fagacity."