prov. The generalized or `folk' version of Murphy's Law, fully named "Finagle's Law of Dynamic Negatives" and usually rendered "Anything that can go wrong, will".
The label `Finagle's Law' was popularized by science fiction author Larry Niven in several stories depicting a frontier culture of asteroid miners; this `Belter' culture professed a religion and/or running joke involving the worship of the dread god Finagle and his mad prophet Murphy. Some technical and scientific cultures know it under the name Sod's Law; this usage may be more common in Great Britain.
A maneuver in racket sports, most commonly tennis, where the athlete his a ball with the backside of their weak hand while spinning to return the ball.
A "little fag".
The word is usually used to refer to lesbians as opposed to gay males.
It is mostly used as a term of endearment among lesbians, and directed toward one another in a joking, non-threatening manner.
Example 1-
Woman #1: "Hey guys, check out my new Subaru-- it came with a sweet kayak rack! Now I'm going to rugby practice."
Woman #2: "God, you're such a faglet."
Example 2-
Woman #1: "Look, there's my Women's Studies teacher walking down the street."
Woman#2: "Is she a faglet?"
Woman#1: "Uh yeah! Look at her Birkenstocks and mullet, dude."