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Alternate spelling for the word Faggot. Actual definition of the word is "a bundle of sticks". As "faggot" has has now been co-opted as an offensive slur for a homosexual male, users on IRC decided on an alternate spelling for use with the original definition to separate it from the offensive slur.
"I got a phagot tied up in the barn we can use in the fireplace tonight"

"Go get a phagot together, we need something to keep to bonfire going tonight"
Phagot by LMB September 13, 2006

Samuel Donald Walker-Pagotto 

Is the King rat at the rat tunnels, likes wearing adidas trackpants and his jean jacket.
You its the big rat , Samuel Donald Walker-Pagotto

Phagotrumposis 

Ancient Greek φαγεῖν (phagein) means "to devour". -osis means to process. Compare to Phagocytosis which is what white blood cells do to germs. Rather than cytos referring to blood, -trump refers to the Donald.
Republican attempts at Phagotrumposis bolster Secretary Clinton's reoccupation of the White House so she can put a cigar in an intern's penis in the West Wing as retribution for Bill & Monica
A person that thinks the F4 Phantom is and always will be a superior fighter jet
James is such a Phagot, never even considering the more modern jets
Phagot by Boobisoft May 28, 2022