Gay condom. This can go one of two ways - on one hand, gays don't use condoms since they want to have AIDS, so saying you're "using a gondom" means going bareback. On the other hand, when gays DO use condoms, since the condom is specifically going to be used for gay sex, particularly anal-spelunking, it stands to reason that gondom is an applicable term.
Noun: I have a pocket full of gondoms for when I go out to the gay bar, drink gay drinks, and have gay sex with gay men. I'm a responsible gay!
Phrase: That bitch is so horny she insisted I used gondoms - now I think I have AIDS. I should have just punched her left titty and taken her wallet.