The Collaborative International Dictionary of English v.0.48:

faggot \fag"got\ (f[a^]g"[u^]t), n. [perh. from fagot[5], a
   shriveled old woman.]
   a male homosexual; -- always used disparagingly and
   considered offensive. [Slang, disparaging]

   Syn: fagot, fag, fairy, pansy, queer, poof, poove, pouf.
        [WordNet 1.5 +PJC]

   2. a bundle of sticks and branches bound together; -- same as
      fagot[1].

   Syn: fagot.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

faggot
    n 1: offensive term for an openly homosexual man [syn: fagot,
         faggot, fag, fairy, nance, pansy, queen,
         queer, poof, poove, pouf]
    2: a bundle of sticks and branches bound together [syn: fagot,
       faggot]
    v 1: ornament or join (fabric) by faggot stitch; "He fagotted
         the blouse for his wife" [syn: faggot, fagot]
    2: fasten together rods of iron in order to heat or weld them
       [syn: faggot, fagot]
    3: bind or tie up in or as if in a faggot; "faggot up the
       sticks" [syn: faggot, fagot, faggot up]

Moby Thesaurus II by Grady Ward, 1.0:

29 Moby Thesaurus words for "faggot":
   auntie, bi-guy, bisexual, bull dyke, butch, catamite, chicken,
   dyke, fag, fairy, femme, flit, fricatrice, fruit, gunsel, homo,
   homophile, homosexual, homosexualist, invert, lesbian, nance,
   pansy, pathic, punk, queen, queer, sapphist, tribade