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A combination of a "fairy" and a "fag." The term is not as ubiquitous, and therefore not considered to be as offensive, as either root term, but is mostly usable as a substitute for either in its own connotations.
Beastor-X: What's with you wearing that wig all the time, are you some kind of fairg?

Switchblade: Uhh, shut up dude, you're the fairg!
by Pete Calleri September 11, 2007
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