A person that is
1. Incredibly gay or obnoxious
2. Has done something very gay to merit such a name.
"Hey Captain Fagtastic, try not to nigger-lip the bowl so much."
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when you like a person is fantastic but you also think he/she is gay.
Wow, i didn't realize how much of a fagtastic child jacob is.
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1.something wonderfully gaudy, bordering kitsch yet remaining hip according to west coast standards.
2. an adverb describing a "good time" spent on a "gaycation" by a single and confused "heterosexual" person.
due to the "hateful" nature of the words prefix, it is preferable that the word be used amongst "fag hags", or by heterosexual men while speaking to their homosexual "man friends". this word should be used with caution, in that it would be quite embarrassing for one to get their ass kicked by a grudge toting "fag".
gawd, that sweater is fagtastic! did you buy it at Out of the Closet?
those Alvarado All Stars are fagtastic!
did you have fun on your cultural studies trip to Mexico? I bet it was fagtastic.
Someone who runs servers, specifically discord servers into the ground with their ruling. The most common Fagtastic people's names are Benjamin, Ryan, Loki, Jesse, Will, and most recently, Oscar. In their enclosed habitat, these people seem to only be rizzing up older, oily men in the outer suburbs of Wisconsin who just so happen to live in a sex-positive neighbourhood nursing sanctuary. Almost all of the name's of these men are Jerry, and they love getting visits from these kind of outer-towners. ;)
"Oh boy Jerry, look at that fagtastic troop of those fantabulous young men!"