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A woman or man, usually heterosexual, who seems to be constantly surrounded by gays/lesbians; as opposed to a faghag, the fagmag in question doesn't particularly seek out gay people to socialize with, rather it's their personna that attracts the GLBTs to them.
Jones: Letty I can't believe it, that one's gay too?
Letty: Yeah, I know man, I don't know whats wrong man, I mean I don't care but wtf I need to get laid too ya know.
Jones: dude, your such a fagmag.
Letty: I know right
fagmag by punds December 25, 2007
Related Words
On the faggot level ranking system, it is just above Faggola, and under Fagatron
Fagmag by Sundance Kid March 3, 2007
An Investing Acronym simliar to FANG. Often seen used in the various investing and trading reddit communities. FAGMAN stands for Facebook Apple Google Microsoft Amazon Netflix. It implies buying (or selling) the biggest tech stocks which have been the biggest growth stocks the past few years, and offered by far the best results.
I need to buy more calls in FAGMAN.
I know, right? If only I had my money in FAGMAN I'd own a yacht by now.
FAGMAN by autistictrader October 25, 2018
Someone who is gay and has a lot of emotional or relationship baggage.
Sarah, "So what's up with that guy you're seeing?"
Howard, "Yeah, well, I had to break-up with him."
Sarah, "Why? He was so hot!"
Howard, "Hell yes he was hot but he just has WAY to much faggage!"
faggage by prettymilktruck November 24, 2007

Fagmaster 

Have you met Dave? He's such a fagmaster!
Fagmaster by Nick Gurr the 3rd March 30, 2021
Situations, or past experiences that cause or warrant homosexual tendencies.
"Wow, Michael sure is acting differently since college... I think he came on to me yesterday!"
"Yeah, he seems to have a lot of faggage."

"I have a hard time believing Brian is straight, he just has a lot of faggage."
Faggage by D. Bagg January 30, 2012