The wrong spelling of the word "faggot," mostly spelled wrong by young people who spell it how they pronounce the word, with an "i"

The stupid way of saying faggot, usually typoed because "i" is next to "o".

Usually said in a quick attempt (which is why they typo it) to try to save themselves when someone can't think of a good comeback.

cool way of sayin faggot
better than you

Faggit is the term used for the homosexual as spread over both "Faggit" and "Faggot"
However "Faggot" is the definition of a large round mass of minced meat. This is as of 2003 Oxford Dictionary...

a homosexual man, one who is incredibly gay. Also used as a "put down" word.

The incorrect spelling of faggot.

To be homosexual

the real way to say "faggot"