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fag wager 

(1)A strait guy who like to hang out with homosexuals. (2) a person who is made ones bitch
Vick is such a fag wager for hanging out with josh
fag wager by dandandnouennjkgh July 31, 2007
Related Words

fagbagger 

bwaha...look at that faggbagger
fagbagger by eyephuqdyamum April 13, 2005

Fatwagger 

Basically a person who waggs school for the sake of eating, going out to eat, and feeding their needs.
You are such a fatwagger you bailed out on maths for cupcakes!
Fatwagger by Jia loves you! August 20, 2009
1.Someone who wags fags (cigarettes).
2.Someone who is openly a fag (gay).
3.Someone who has gay sex with a lot of people.
"We all know you're gay, Monroe. Stop being such a fagwagger."

Fagbagger 

A person who goes on a simple hike but proceeds to wear a fanny pack, or fag bag, and claims that it is a "practical hiking gear satchel" and has unnecessary energy bars for the hike.
"Dude, the hike is only a mile long to the lighthouse, why bring the fag bag?"
"Hey, you can never be too prepared! I also have a compass and flashlight."
"You're such a fagbagger."
Fagbagger by Mamasita Lolita January 11, 2014

Faghaggery 

an abstract noun that is used to denotes the non-sexual, highly emotional relationship (nearly romantic) between a homosexual male (fag) and a heterosexual female (hag)

Possibly originates from gay Author Dan Savage, who also does weekly Podcast called "The Savage Lovecast", in his podcast he has addressed various issues of relationships, sex, sexuality, fetishes, and other sex related topics, and issues of Faghaggery in his Podcasts
There are many ways to use the word Faghaggery
e.i. "If that guy is bi, she's not his hag, that's not faghaggery."

e.i. "what in the name of faghaggery is going on here"
Faghaggery by Šläjhammer October 7, 2009