What a gayhole!!
1: a (supposedly) straight person acting flamboyantly gay in jest, but is really not that funny
2: a (supposedly) straight person acting flamboyantly gay in order to make a second person look more gay, but only succeeding in making their self look gay
Man #1: "Oh, wow, Thanks! Yeah, I just sort of feathered it..."
Gay Hole: -to man #2- -whispers- "You know I'm just kidding with that, right?"
Man #2: "Yeah, well why not just kid about something else. You look like a Gay-hole."