Substitute for 'fag' and other derogatory homosexual slanders. Typically used in a workplace environment where other homosexual references would result in disciplinary action.
Dates back to 2009 when nathan was identified as a fag, and therefore all fags were nathan.
"dude, (indicating to an obvious homosexual) check out that raving Nathan over there"
"FNG is such a fucking nathan I can smell his shit covered cock from here"
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