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A popular colloquial amalgam, comprising of the two slang roots; 'fag' and 'wanker', meaning:
1. Somebody who engages in masturbation with homosexuals
2. Somebody who is not held in high regard by the user, rather, is strongly disliked.
Des: "Hey John, I just bought a radiohead album!"
John: "Go wank some fags, you damn fagwanker!"
by arklow representin March 09, 2006
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