This is a rank or a status awarded to a guy or girl that has had anal sex for the first time.
Guy 1: Man, Steve finally got his freaky badge yesterday.
Guy 2: Yeah, his girlfriend totally let him fuck her in the ass.

Guy 1: How was anal sex for the first time?
Guy 2: It was nasty, but at least now I have the freaky badge.
by Hyperelg June 24, 2009
Get the Freaky Badge mug.