Though the word they are saying might share the same root as fascist. The Latin word fascis referred to a bundle of sticks and as French developed most s sounds before another consonant were dropped (status > etat, schola > ecole). Also c to g and vice versa is a common sound change. The French ruled England for a while and the word made its way into English then.

I don’t know if you cared about any of that but I do think it’s a funny name that those homophobes gave themselves