A term used with pride to describe the Military Cavalry Stetson, resembling a cowboy hat, worn by members of the Army's Cavalry Regiments. Usually includes the wearer's rank, the crossed sabers for their regiment, as well as a color coded braid representing their military speciality. They are commonly worn as the service members primary headgear on the last working day of the week.
Man I can't wait to wear my Fag Hat, for Fag Hat Friday!
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