Shoes that make you look gay, possibly because you are. Similar to fag rags
Example:

Check out the fag boots on that guy!
by The Spike February 22, 2007
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White rubber boots worn by fishermen (especially shrimpers) in Southern United States. Named because of a connection to percieved gayness, they are usually required utilitarian wear. Not necessarily a derogatory term to the wearer.
"Grab my fag boots, I'm about to go out in the boat.
"Look at his fag boots he must be a fisherman"
by aparttimefisherman December 6, 2013
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Short little midget call big tall faggot, fag in boots
by chan1218 March 25, 2019
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