just another one of the many ways to add insults on to one another to describe someone (usually male) who is a wimp, who is scared of real niggas, and who backs down when they should stand tall
Usually refers to people who are pussies. Can also refer to people who are actually faggots. Usually used by black people to other black people, but can be said by anyone.
A highly offensive phrase typically used to refer to individuals that have violated the G (Gansta) code, the Bro-code or any other of one of the many unspoken Man rules that exist in the U.S. and it's territories.
The word Faggot in this context is connotative of inefficiency, submission as well as an overall display of indecisiveness and feminine tendencies. Typically used to insult a man. Not necessarily used to indicate gayness in this phrase.
The word Ass here denotes moronic actions taken on part of the recipient of the insult.
The word Nigga here is a place holder or "pronoun" to refer to the individual deserving of the insult.
Marcus: Remember last night when you screwed up the deal? I lost $500 because of that shit! I ain't never working with cho ass again.
Samuel: I have no clue what the hell went wrong, that shit wasn't my fault.
Marcus: What you did was act like you didn't know what we came to do there last night. They saw you was shook. Now niggas think we pussy. Get the fuck out my sight I can't be associated with no Faggot Ass Negro like you.