Also written as T.G.Y.G. stands for:

"That's Gross, You're Gross"

or

"That's Gay, You're Gay."

Often used in crusing a persons idea and ego in the same quick sentence.
Bill: "Hey Sharon, I bet the art walk in Phoenix will be fun tonight"

Sharon: "TGYG"

Bill: "Fine"
by AmigoBB May 15, 2009
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