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A japanese anime which has been subtitled in English by fans and released by one of many fansubbing "groups". Typically these are series which have not been licensed for release in an English format, and hence releasing them is unlikely to result in legal action (although it is still technically illegal under international law.)

Typically, once a series becomes licensed for release in an English format, many fansubbing groups will cease subtitling of that anime, for fear of legal action. However, some rogue groups will subtitle licensed anime.
The latest Naruto fansub has just been released by ANBU.
fansub by polarity March 21, 2004
Related Words

fanshitter 

n. (fan + shitter)

Someone who seeks or creates unnecessary drama. Instead of shit hitting the fan... these people unnecessarily shit INTO the fan.
My roomate is a goddamn fanshitter.
fanshitter by Eugenia Yang June 23, 2007

fashugadale

the hip way of saying fasho.
"hey do you wanna see that movie?"
"fashugadale!"
fashugadale by rhoda November 29, 2005
The description to describe someone perfect: Funny Athletic Nice Smart Hot
That dude is so fansh.
When you have a fancy taste/behavior but also enjoy doing trashy things.

Fancy+Trashy = Fanshy
Person 1: I brought this 200usd Whiskey to our camping.
Person 2: Cool! But I got this plastic cups from a dollar store. Is ok to drink ttis bottle in these cups?
Person 1: Don't worry, we're Fanshy. You can pour it some Coke if you want.
Fanshy by dvivancoch November 14, 2021

fanshastic 

the feeling you get when Shasta is involved.
Once Shasta arrived, I felt things were going to be fanshastic.
fanshastic by Kevin Kusreau February 21, 2008