openly gay british actor ian mckellon when he played magneto in x-men.
person 1: what'cha watching? x-men?

person 2: yeah. oh look, fagneto!
by AMERICANBANK$TA May 13, 2009
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Derogitory term used by MvC2 scrubs to describe Magneto, because they can't keep up with his speedy and deadly rushdown.
Random MvC2 Scrub: Dammit! My Ryu/Ken/Akuma team should mop the floor with fagneto.
by Anonymous September 22, 2003
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marneto in his fag state.
brad pitt of texas finally went fagneto on me and asked for a pic of my penis.
by -_-b May 1, 2004
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