Deroggatory term implying homosexuality. Use of this word usually also implies a general lack of intelligence in the speaker.
Who ever invented the word fagwad is a fagwad.
ayon kay The Zim Bob Way ika-27 ng Enero, 2003
the piece of bum fluff that hangs off a poofters ass crack
grant . . . why is that fagwad on the head's dinner plate ?
ayon kay paul ika-20 ng Abril, 2004