A new species originating in Asia of straight "men" who attempt to look as gay as possible, complete with frosted tips, eyeliner, and scarves tied around their necks even in tropical weather. Combining the fashion sense of hipsters with the self absorbtion of doucebags, the fagbag is often seen in the company of hot Asian women who are dying inside for a real man who spends less time in front of a mirror than they do.
Look at that hot chick over there looking bored to tears with her fagbag boyfriend.
A Business / Banker Douchebag is a corporate or banker type found in poorer countries on an outsized salary typically there on a mission to generally rape and plunder the country and it's local people. Big users of drugs and prostitution.
Look at that Business / Banker Douchebag (BBD) over there with all those southeast Asian hookers... isn't 10 a bit much for one guy?