1. A gay man (or lesbian) who is oblivious to his complete lack of fashion sense and still flaunts himself around as though he were anything but tragic. Prone to excessive amounts of makeup and/or spandex.
2. A less-than-attractive gay man (or lesbian) whose lack of self-awareness doesn't stop him from hitting on guys who are way out of his league.
I was having a good night out until I kept getting eye-banged by that homelysexual in the corner.
I walked into H&M and it was like Homelysexuals on Parade.