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1.
the state of which one person is being more ridiculous or stupid then "gay."
Person 1 - "hey bro look i just got the new neon green and yellow sbs"

Peron 2 - "dude ur neon gay"

Person 1 - "wtf is neon gay?"

Person 2 - "look it up you neon gay"
by MikeyNtheEnd July 16, 2010
 
2.
Extremely flamboyant color usually mistaken for Salmon.
Brandon: That guy's shirt color is so gay!
Basim: Shut up, Brandon! It's Salmon!
Jared: Actually, it's Neon Gay.
by metal guru November 28, 2013