look up any word, like b4nny:
 
1.
adj.

1. Suggesting a great degree of lameness or wussy-ness.

2. Someone or something with flamboyant homosexual tendencies; recalls uber-gay piano player, Liberace.
Bill: Dude, that is so gay.

Jeff: Totally gay.

Bob: Liberace gay.
by Gaylord Farquahar February 14, 2004
 
2.
Refers to that which posesses qualities similar to those of Liberace.
That gig we saw on Saturday night was so liberacegay.
by Carlos Mora September 04, 2007