Simply a gay man (fag) who is a bastard. Used by gay men who are really angry.
fag
bastard
Damn but that guy is a real fagstard.
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1. Fagstard: someone who is a faggot and bastard at the same, usually to spare yourself the time to call someone both words you just use Fagstard instead.
2. Not necessarily a gay person but a really annoying person that wont just leave you alone after declining politely eg bellboy, waiters asking for tips, email spammers etc
3. A homophobe. since there is zero reason to be homophobic. A homophobic person is definitely a closet faggot and a bastard at the same time.
See examples below:
1. Me: I called my roommate a bastard faggot (fagstard) last year and later apologised to him months later.
2. Emmanuel: I unsubscribed these guys from my mailing list but somewhere they still send me spam emails.
Me: fagstards! I have several of them also!!
3. Me: yo, I heard gay men are killed in Iraq by ISIS guys.
My reflection: such hilarity! Homophobes at day, fagstards at night!