n. The Loop on the top of the back pleat on button-down shirts. AKA, ripcord.
Frank threw Fred to the ground by his Fag Tag.
by ALEXfromExeter July 25, 2005
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A small loop on the back of a mans's shirt between the shoulderblades at the top of the pleat.
Arnold is so unsure of his sexuality he snips the fag tag off the back of his shirts.
by altura January 17, 2004
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Like a normal game of tag but if you get caught, the one who catched you can fuck you in the ass.
"We are going to go play some fag tag."

"Hey Mike, wanna play fag tag?"
by WalrusHunting101 June 25, 2019
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The physical interaction between two heterosexual guys that borders on seeming homosexual to random bystanders.
Quit playing fag tag when we're in public! Are you gay or something?
by XYsX April 23, 2011
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A rainbow bracelet or other piece of rainbow jewelry that signifies homosexuality and/or a willingness to get fucked in the butt.
"Hey bro, what's up with your bracelet, it's totally a fag tag."

"Oh, yeah it's to show guys that I'm ready to taste the rainbow."
by crownofpants November 23, 2014
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To be called derogative terms referencing gay males from a moving vehicle such as an automobile, similar to a drive-by burn.
"God dammit, I was walking down the street holding hands with my boyfriend and some assholes were screaming 'faggots!' at us when they drove by. I'm a chick, why do I keep getting fag-tagged?"
by Gabigale March 17, 2008
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The little loop on the back of a dress shirt.
As Jim walked by, I yanked on his fag tag.
by Reyl July 15, 2005
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