fag

1. Noun (derogatory): Term that only used to refer to men who are attracted to the same sex
2. If the person employing the term isn't homophobic: a derogatory term which definition is interchangeable to other insults such as pussy, asshole, etc.

1. Gaylord is attracted to homophobic men because they fulfill his slut-shaming fetish of calling him a fag.
2. Richard is such a hypocrite. He likes to complain aboug "fags" despite the fact that the only fag here is him.