Phegget Share definition Flag Faggot. Someone who is gay, originated from Y!A, made by BJB,.Many people now use the term to describe people they don't like. John smith = pheggetBJB is the biggest pheggetWhoever left Y!A for HN is a phegget."TGIA just called you a phegget on his status" Phegget by Phegget August 21, 2012 0 0