A unique kind of fabulous. Putting the word FAG and FABULOUS together in a verbal synergistic bond taking the the two terms to a whole new level. Fagulous is much more gay and fabulous than regular gay and fabulous terms on there own.

So fabulous must be gay, homosexually good

A special kind of fabulous. More gay than regular fabulous.

one who is fabulous and gay

Adj. describing the positive gay or almost gay aspects of a person or thing. Something defined as fagulous will have incredible style, quality, or pop cultural recognizability.

(adj.)

To describe something as "fabulous" in a way that mocks homosexuals.

The term is used often in Bret Easton Ellis' novel "Glamorama."

hetro/breeder retort to the over use of "fabulous" by members of the gay community.