Doing something dopey or stupid. A second meaning could be an act of homosexuality. It is used in a sarcastic manner.

Nick: wtf was he doing back there.
Joey : Faggination.
by Kay S April 05, 2007
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Kicking back with some dudes. Does not necessarily imply homosexuality, but is not mutually exclusive.
"Hey man, what's going on?"
"Ohh, just faggin around, you know."
"Sweet"
by Beefheart April 04, 2005
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A person who is stupid. It could also refer to a homosexual male. Derived from the word faggination.
Nick: Look at chris hanging out with his faggot friend's.
Joey: He's a fagginator.
by Kay S April 05, 2007
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1. A commoner, especially one that is easily influenced.
Tomás: Man, there are too many people in here!
Kiko: Faggin-slicer, ACTIVATE!
Constable: Stop there, evil-doer!
Kiko: SMOKE YOU, flatfoot! *throws smoke-bomb, disappears*
Tomás: *sigh* How much is this going to cost me?
Constable: Let's you just drop them pants..
Tomás: !
Tomás: Ki-KOOOOOO! *camera pans out*
by Kiko October 03, 2004
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