Faggy Waggy is basically just a less offensive way of calling someone a faggot that also makes you seem as if you're looking down at them due to it's childish tone. It works most efficiently if someone is complaining about something childish, or just anything in general.
Michael: Oh my God! This game is so shit! I keep fucking dying!
Adam: Stop being such a faggy waggy.
Adam: Stop being such a faggy waggy.
by chefffy August 18, 2020
When you’re already gay but your male dog is so happy to see you he starts humping your leg. The dog is also gay.
by Shydynasty April 4, 2018
by Eric.Eric.Eric.Eric.Dylan March 22, 2018