Fagex is a combaniation of 2 words: "Fag" and "Jagex"
Jagex is the corporation that watches over the game "Runescape" (an MMORPG)
The word Fagex is used when you are angry on Jagex when: there are game updates that u don't like, you are banned from the game, or when you are just mad at them.
OMG stupid Fagex banned me for no reason!
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