The stupid way of saying faggot, usually
typoed because "i" is next to "o".
Usually said in a quick attempt (which is why they typo it) to try to save themselves when someone
can't think of a good comeback.
Guy A: "You just contradicted yourself. Twice."
Guy B: "faggit"
Guy A: "Yeah, that's what I thought, you
can't think of anything, loser."
Guy B: "stfu"
Guy C: Just admit you lost, Guy B.