Fag

noun

fag

1. Derogatory term for a homosexual man, short for faggot. ...and I thought it was a gag, when I thought it was a girl, it was nothing but a fag -- Schoolly D (Saturday night).
2. Cigarette, in England. A "faggot" is a bundle of sticks, therefore also a small bunch of tobacco leaves and stems wraped in a paper bundle.