Fagwaffle - 'fag-wä-fəl - A sexual slur used to identify pancakes. Pancakes are known as fagwaffles because they take a circle shape rather then straight or square. Fagwaffles or pancakes have also been known to be called the gay mans waffle. This term's origins derived from facebook at 2:30am on a Wednesday. This term is history in the making.
by Noodlesinyourear April 27, 2011