What is Fagballs?
1.
Name.
Comes from, abusing the "Enter Your Name" Feature on a certain game in which you are a hero who has to save a princess in a place called Hyrule.
"Princess Zelda gets herself into a pickle and has to be un-pickled by the hero, who is called Link on the few occasions when I feel mature enough to not abuse the "Enter Your Name" Feature, and Fagballs at all other times." Zero Punctuation.
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2.
Something which is lame or lacking quality.
That movie was total fagballs.
He passed out after only 5 beers, he's such a fagballs.
I only got a C+ in that fagballs English class.
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3.
The balls of one who takes on the role of a fag. Used to describe someone who is undeniably gay.
Greg, get your fagballs off of my chair