Top Definition
A Gay Palumbo is a situation in which approximately 30 elderly men come together in warehouse, dress up as animals, typically unicorns, and congeal into a writhing mass, and have an orgy.
Dude, last night, I was invited to a Gay Palumbo and when I arrived I was raped in the asshole by 7 old men dressed as unicorns, and I'm having trouble walking.

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