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Something that's fake. Something that doesn't exist in any way, shape or form. It's made up.
Mark Hanna: You know what a Fugazzi is?
Jordan Belfort: Fugazzi.. yeah, it's a fake..
Mark Hanna: Faguzzi, fugazzi, it's a whazzie, it's a whoozie.. it's a.. fairy dust. It doesn't exist. It's never landed. It's no matter, it's not on the elemental chart. It... it's not fucking real!
Jordan Belfort: Riiight lolz

(from The Wolf of Wallstreet)
by ezekwail March 19, 2014
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Apr 15 Word of the Day
to take an unfortunate loss and turn of events.
"last night took an L, but tonight I bounce back" - Big Sean (2017)
via giphy
by urbansammy January 20, 2017
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Maeaning: Fo’get A β€œBout it! Don’t mention it again!

French Canadian mostly used like a Boston Mob Slang as a pun or retort to focus on a bigger picture ~ I.e.
β€œHey, you got his brains all over my shoes! β€œ
β€œ FugazZi β€œ~~” Think he minds getting a new pair, you? β€œ.
by Hoppinnpoppin April 04, 2018
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