Slang. Fag and homo put together to make one word.
Your such a fag-mo George
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Another way to say aswell, with a bit of humor. If using the word asswell, after the sentence one must say,"and yes, I did just say asswell. Twice."
I went to the food store and got some pickles asswell as peanut butter, and yes I did just say asswell. Twice.
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