It's a short word which can have two meanings; It can either mean fucking ugly fag, or a fat ugly fag. This word was created by a Vinthu from Toronto in 2009.
Josh: wow your sucha fagly
Amandeep: I know im ugly :( but im not fag :$
Josh: Fagly can mean fat ugly fag, but I'm calling you a fucking ugly fag :)
Amandeep: PHUG MY LIFE :( why am i sucha failure in life
Josh: Kill yourself :)
Amandeep: (crying)
Josh: k fagly you owe me 10 bucks :)
another term for a station wagon, mini-van, or any other kind of vehicle that is targeted at the "family" demographic(also M.A.V.)
"Tactical advantages aside, the M.A.V. is top of the line for the holy warrior troop transport manufactured by the Church of Latter Day Saints Military Industrial Complex. Also great for family trips...to heathen lands."