wallet fag 

(adj.) Someone who sucks up to anyone they percieve to have a large amount of money.

Todd is such a wallet fag. Ever since he found out about Steve's trust fund he keeps calling him to hang out.

wallet fag by appleb July 20, 2011

fag wallet 

Insult: A fag wallet is typically used to describe a straight person acting gay or adorning fashion item's typically thought of as gay or homosexual

guy 1 "nice emo pants fag wallet"

guy 2 "theyre not emo they're cool"

fag wallet by Jordan a from canada February 26, 2008