Faggy Waggy is basically just a less offensive way of calling someone a faggot that also makes you seem as if you're looking down at them due to it's childish tone. It works most efficiently if someone is complaining about something childish, or just anything in general.
Michael: Oh my God! This game is so shit! I keep fucking dying!
Adam: Stop being such a faggy waggy.
The act of defecating into a sock followed by hitting another person with said sock. The outward appearance of the sock should resemble a fudgesicle, much like those sold on the New Jersey shore during the summer by the "Fudgy Wudgy" man (an ice cream sales man on the beach).
I gave her a fudgy wudgy last night and now she smells like poop.
A fugly wugly is someone who is well, ugly. He usually has long hair and nice hands. He's very mean and rude. A fugly wugly may be ugly but he makes time fly and he's so great to talk to. They're also the best boyfriend you can possibly have. They're also best friend material. Fugly wugly's are very dumb, too. The only thing funny about them is their face and stupidity. Although fugly wugly's tend to be ugly and dumb, they're the most perfect and amazing people. Even though there are not many at all. If you're a fugly wugly, consider yourself very lucky.
Dude.. did you see that guy with luscious hair and perfect hands?