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English word fab comes from Latin fabula, Latin -osus, and later Latin fabulosus (Fabled, fabulous (celebrated in fable), legendary.)
fabula (Latin)
A fable, tale, story. A poem, play. Concern, matter. Discourse, narrative. Romance.
-osus (Latin)
-ose, -ous; full of, prone to. Used to form adjectives from nouns.
fabulosus (Latin)
Fabled, fabulous (celebrated in fable), legendary.
fabulous (English)
(obsolete) Known for telling fables or falsehoods; unreliable.. (slang) Camp, effeminate.. (slang) Fashionable, glamorous. (slang) Very good; outstanding, wonderful.. (slang, or, euphemism) Gay or pertaining to gay people.. Characteristic of fables; marvelous, extraordinary, incredible.. Fictional or not believable; made up.. Of or relating to fable, myth or legend.
fab (English)
Fabulous (great or spectacular).