Yes, but it does deviate from standard English (hence why it's slang, and some definitions aren't), so you can't complain if people think you're using one of the more commonly used definitions. Let's take a look at a dictionary (note dictionaries contain common slang, it's only rare slang they lack):
Let's take a look at the dictionary:
fag n.
(colloquial, vulgar, derogatory) A male homosexual.
(US, colloquial, vulgar, pejorative) An annoying person. "Why did you do that, you fag?"
(colloquial, vulgar, derogatory) A homosexual person.
I could say "An apple isn't a fruit." if my personal usage of the word 'fruit' meant 'rock', and you couldn't complain, right?
Edit: ninja'd, but same response to that too. :P
Let's take a look at the dictionary:
fag n.
(colloquial, vulgar, derogatory) A male homosexual.
(US, colloquial, vulgar, pejorative) An annoying person. "Why did you do that, you fag?"
(colloquial, vulgar, derogatory) A homosexual person.
I could say "An apple isn't a fruit." if my personal usage of the word 'fruit' meant 'rock', and you couldn't complain, right?
Edit: ninja'd, but same response to that too. :P