fag tag

The locker loop on the outside/inside of a dress shirt. Very preppy.

"I need to cut off the fag tag on all my shirts from Brooks; they're itching me."

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fag seat

When two overcompensating straight guys go to the movies together, usually they WILL NOT sit directly next to each other, unless they absolutely have to. They leave a seat in between; this seat is called the fag seat.

Example in definition.

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