A gay fagot is a strait person. Think about it. It indeed sounds like a insult but infact is stating out the truth (if the person is heterosexual).
Timmy told Jimmy that he was a gay fagot and Jimmy kicked Timmy in the wenis. Jimmy then found out that Timmy was not insulting him and they both laughed their asses off.
by Ricky Possum (aka Gumdrop) September 3, 2004