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From the roots fag- meaning gay and agnostic meaning indifferent. A person who is fagnostic isn't really gay, but isn't really opposed to the idea. Most fagnostics are closet cases or 'three beer queers.' Also, refer to 'hipster.'
Co-worker #1 "Look there's Jim, I heard that he's gay, someone saw Todd blowing him at the Christmas party."

Co-worker #2 "No, Jim's just fagnostic, he'll take oral from anyone when he's drunk, he's got a girlfriend in Canada."
Fagnostic by stevexumba December 22, 2008
A person who denies he is gay because everyone assumes that he is.
"Bruce, you can't make out with Todd, and then tell me you are a fagnostic!"
fagnostic by quillian5000 April 21, 2009
The complete denial of the existence of homosexuality.
"There's no way that your dad was checking out my ass because there's no such thing as a fag," said the fagnostic.
fagnostic by Super Dave July 16, 2006
A homosexual man whom refuses to believe in the advantage of length or girth over the other.
Agame is fagnostic, and can't decide which of his former boyfriends was better in bed.
Fagnostic by Zibidideath August 8, 2009
1) someone who is just so unbelievably gay or strange that it is ridiculous.

2) any emotion
That guy with his hip popped out in his picture is so fagnostic.

Her boyfriend is so fagnostic that he wants to be a girl.

Her mood is always so fagnostic!

Eww that's so fagnostic!
fagnostic by jersey biotch xo3 December 16, 2008
(n.): 1. A person who claims that "being gay is a choice"

2. Someone who has yet to realize they are gay
1. "Being gay is immoral and unnatural!" shouted the fagnostic fundamentalist.

2. Sure he may be a practicing fagnostic now, but he dresses well, has several key mannerisms, and watches musicals and Glee. He'll soon wake up with the realization that he likes cock.
Fagnostic by gay.i.am. June 29, 2010