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1.
More like gay, is used in all situations where you dont agree with the word being said. See: more like
The difference between "More like" and "More like gay" is that word gay is applied to everything.

Prodominantly used to make fun of peoples names.
Paul J: How gay is Alana?
David B: More like Gaylana

Person 1: Youre such a Cunt Fucker
Person 2: More like Gay fucker

David B: Hayden youre so gay
Jake R: More like Hayden Pisexual
David B: More like Gayden Pisexual

Fag 1: Do you have Myspace?
Cool Person 1: More like Gayspace.

Mass Bebo email: Gaylana wants you to join her on Bebo!
Cool Person: More like Gaybo.
by David Beadle August 27, 2006