A hybrid of the terms "faggot" and "cunt"... for those gays who are displaying behavior that is especially reprehensible, annoying, fuckwitted, or just plain whacked.
"Ryan was so broke that he tried to steal hair dye for himself from Wal-Mart and then used racial slurs against the woman who tried to turn him in. What a cuggot."
by a concerned gay citizen. November 18, 2005