To dream of being called a fag represents a concerns or anxiety about appearing too comfortable knowing that you're doing something wrong. Some area of your life that others may feel is unacceptable or unusual. It may also reflect suspicious behavior.
Alternatively, a dream of being called a fag may represent your feelings of not being "man enough." A person or situation may make you feel powerless or unimportant.
Example: A man dreamed about worrying that a person would think he was a fag. In waking life he was concerned about being caught lying on his taxes. He was anxious about being seen as suspicious.
*Please See Gay People
*Please See Homosexuality (Gay Sex)