What is Fag Wagon?
1.
A vehicle originally intended for 16 year old high schoool girls but found a following within the male homosexual community. These vehicles are often convertibles (so everyone can see how fabulous the driver and passengers are) and are subjected to various forms of customization, including but not limited to decals and very large spoilers. Examples of these vehicle: Honda Del Sol, Mazda Miata, VW Cabriolet.
Look at Jason in his fag wagon.
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2.
Any late model sports-type car. Often owned by rich, middle aged
Look at that Eclipse Spyder over there, what a Fag Wagon.
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3.
Derogatory term for an ambulance. Typically said by firefighters.
Where in the hell is the fag wagon to pick up this jackass patient.