A gay man used as status symbol - alluding to being worn on the arm like a cheap trinket. Predominantly by a single, straight female who would be described as a 'fag hag'
"Come On Eddie, you don't need a fag bangle"<br><i>AbFab, Gay </i>
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A female who enjoys the company of homosexual men, like "fag hag" but less derogatory. So called because she "hangs off the arms of fags".
"That girl is such a fag bangle, all he friends are gay!"
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A woman who sleeps with a repressed homosexual man.
"Derpina is sleeping with Herp? I thought he way gays. "
"Yeh she's a total fag bangle. "
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