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A faygoat is a word used to disguise, FAGGOT. Aka a gay guy, usually used in a stupid manner.
Joe: Bob did you see that gay guy last night?
Bob: Yeah dude, he was suchhh a faygoat.
Faygoat by guyowns123423457 August 29, 2009
Related Words
A person who loves to drink Faygo. There is a good chance they are either a juggalo or poverty-stricken (need I repeat myself).
Juggalo: "I love when I pour faygo all over a neden and get pinkeye for days."

Normal Person: "What a faygot"
Faygot by Juggahoe April 16, 2010
"That goat must be a faggoat because he keeps doing that other male goat in the butt."
faggoat by Teatz January 13, 2009
The G.O.A.T, Greatest of All Time. This is a person who's the undisputed King of Fags. The Michael Jordan of Faggotry. Someone who wakes up and 1st thing on their mind is "what should I do today to be a massive faggot?"
"Did you hear that Toby ratted out the kid who was sleeping with the hot teacher? What a faggoat."
Faggoat by Gabe Asher September 7, 2020

fay-goat 

a licentious man resembling an elf (derived from the words fay, meaning resembling an elf, and goat, a man lacking legal or moral restraints)
That fay-goat could stand some moral restraints!
fay-goat by RobertOldhead March 25, 2007
My friend Adam Karl is a "faggoat". He is a straight up goat, and he is gay as fuck.
faggoat by greatjob ADAM April 23, 2021