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A word referring to a vagina, accompanied by an awkward hand movement resembling that of the Spongebob Squarepants episode with the Imagination Box, the movement they used to create the rainbow effect when they said immagination.
The wider range of movement, the bigger the fahingo and vise versa. Often used as an inside joke among the "Emo" population in Florida, there has never been a definition of Fahingo anywhere, and many people wonder what it is.
Courtney: "Wow, that girl's skirt is so short, her fahingo might as well be showing. Hey Girl! Your fahingo is showing!"

Karla: "What's a fahingo? :("
by JesusTheOneAndOnly March 16, 2009
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