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Ingrown hairs typically appear on men with very kinky hair, such as those of African descent. The hair, as it starts to emerge doubles back on itself, expanding under the skin. Since it only happens when the hair first starts to emerge, it usually a problem in the pelvic region when you are first developing pubic hair or if you shave your pubic hair. The image at the right shows what a typical ingrown hair looks like. You can treat ingrown hairs yourself, if you are careful. It is easy tear the surface of the skin and allow an infection to set it, which is what I think you did with your Fordyce spots. See the article "How to Remove an Ingrown Hair" for details.
The bump that is shaped like a pubic hair would be unusual because the folding is usually vertical, not horizontal. However, if the bump isn't bothering you and doesn't look infected, it would be best to leave it alone. You can always ask your doctor at a later point if you are curious.
Fordyce spots can only be removed surgically, but the surgery carries its own risks. Generally doctors prefer to leave them alone unless there is some sort of complication. They will fade as you get older. Popping Fordyce spots does remove the built-up oils under the skin, but they will come right back. As I mentioned earlier, doing this will tear your skin and allow infections to set in. It is best not to do it.



