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(noun) An overwhelming pleasurable sensation perceived by gay men upon discovery of new and exciting fashion items, etc.

(vi, vt) The act of receiving such a sensation.
Oh my GOD! Vera Bradley makes BINDER CLIPS?! I totally just had a fag-gasm.

Guys. Did you see the new Brahmin line? I just fag-gasmed.
by UT:Kween February 16, 2009
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