Slang word for homosexual. Much easier on those with extra sensitive ears than the former popular slang "faggot." It's the "new millenium" faggot with a pink ribbon wrapped around it.
"Don't look now Johnny, but there's a Gaybo Watson right behind you. And boy he is ever staring at your man cupcakes!"

"Are you sure your nephew's not a Gaybo Watson Stan? He says he's not, but I think he's definitely on the waiting list."
by Scotty Smith October 29, 2007

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