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Faggot spelt in the most hilarious and extreme way possible. Phaygit is always said in a very high pitched, obnoxious voice; so that it will piss of the person being called it to no end.

If you were to write it as it were to sound when said obnoxiously, it would be something like "PHAAAYYYYYYGIIIIIIIIITTTTTTTTTT"
Dude, you're such a freaking phaygit.
by M.C Caber April 02, 2006
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