1) Large ball of mucous filled with blood that proceeds a homosexual party where the participants shove their fists up each others ass in a sodomistic fashion.
2) A horribly vile name to call someone who has so far surpassed douchebag status that no other words can possibly express their level of filthy assholery.
Look at that bloody mucous plug from a faggotfisting fiesta.
You're a bloody mucous plug from a faggot fisting fiesta.
Boys who enjoy yaoi (a genre in Japan that contains sexual and/or romantic relations between two men); literally translates to "rotten boy"; corresponding female : fujoshi