fairy princess 

A female, usually heterosexual, who likes to hang out with gay men and/or who has a large number of gay male friends. Many fairy princesses also have good gaydar. This is a synonym for fag hag but whereas fag hag can apply to women of all ages, fairy princess is usually reserved for younger women.

I'm such a fairy princess. I think the only friends worth having are gay men.

fairy princess by Pregolegs August 20, 2006

Fairy Princess 

A woman who hangs with gay men.The term "fag hag" or "homo honey" just doesn't cut it.

"Hi guys, here comes your fairy princess.Let's shop!"

Fairy Princess by Melissap February 2, 2007

Fairy Princess 

The daughter of two gay men.

guy 1 - "yeah, how are her father's doing?"
guy 2 - "wait, she's a fairy princess?!"

Fairy Princess by brenden michael peters December 30, 2010