No, it's "fag" that means cigarette - "faggot" means something else entirely, to eat or burn, as Tabster pointed out.

Mind we're moving to a situation where American fags and faggots are far more socially accepted than the British variety.

I gather than in the UK anyway the term "gay" has taken on a new meaning among young people as standing in for "sad - not unhappy sad - but loser sad". Which would rather imply that in time it will get abandoned as a term referring to sexual orientation, and some other word weill;get drafted in to serve.

Maybe gay meaning carefree will come back again in time if that happens. I miss it, and it's a good rhyming word too. I can understand why it got adopted, but I sometimes wish they'd picked a different word.