What is Fag Wipe?
1.
Literally, describes the paper used to wipe feces from one of the homosexual persuasion, but can be used, figuratively, as a way to insult your homosexual friends.
You collect naked male playing cards? You're a real fag wipe!
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7.
(v.i.) Out to lunch; not having it together; acting in a stupid way. Typically derogatory.
Derivation: ..