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No best answer has yet been selected by spiff. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Its earliest-recorded use was in a dictionary of criminals' slang published in the USA in 1914.
(The reason the actual word itself is avoided in my answer above is because it is apparently not permitted in an answer here. I'm not at all clear on why it is allowed in a question.)
By the way, 'fag', in the Eton schoolboy sense is based on the word's use to mean drudgery/toil, which is what the poor wretch has to endure.