The ability to rectify any situation with the power of ones boner.
Guy 1: dude I totally forgot to buy my girlfriend a birthday present!!
Guy 2: hey man don't worry, that's an erectifiable problem.
Fwag, The act of being gay when its okay.
Derek: Hey Jason, can Keith stay the night too?
Jason: isn't he gay?
Derek: Yeah but hes a Fwag...
Jason: i'm calling him right now
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