Gaycott Share definition Flag Gaycott (v.) 1. The act of boycotting by a mobilized gay constituency; 2. Refusal to deal with; 3. To picket -- (n.) a gaycotting. In protest, the LGBT group gaycotted the company due to its anti-human rights policies. Gaycott by foundthecheese November 22, 2010 0 0 Get merch Get the Gaycott mug. Buy Now — $32.95 See more merch