the word 'fagot' spelled backwards. Used in place of the word 'fagot' as a safe way to bypass political correctness, especially in the presence of anal liberals who will not let you make gay jokes.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."