What is [fagnet]?
1.
a woman accompanied/admired by a posse of gay men, not because she sought them out (see fag hag or fruit-fly), but because said gay men are drawn to her by an unseen yet powerful force, as in a magnet; said force generally defies description, but seems most often to be founded on a gay man's admiration of an elusive quality, usually referred to as "fabulousness"
Brad: "I've never met so many hot gay guys in one place. How does Maggie know them all?"
Tony: "Honestly, I don't think she does. She's just a total
fagnet !"
Brad: "She is SOOO fabulous!"
Tony: "I know right!"
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