fag, you're it! Share definition Flag (like "tag, you're it!") A gay people habit of labelling others as gay, even when they're not gay perez hilton loves playing the game fag, you're it! fag, you're it! by catfight12 January 12, 2009 0 0 Get merch Get the fag, you're it! mug. Buy Now — $32.95 See more merch