Pretaining only to things or people that are so fantastically homosexual that they are considered to be one of the most homosexual things on this planet.
Wow, his performance was literally fagtastic.
or
That man is incredibly fagtastic.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).
Precedes or follows either a gratuitously disrespectful or honest remark, originated in New York City. Used in similar fashion to "no offense" or "to be honest," interchangeably.
Ya mans is wild buns, respectfully. Respectfully he's washed.
After school, The Modells on Jamaica Ave was active. Respectfully.