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1.
An adjective used to describe an asexual person showing intelligence, confidence, style, physical attractiveness, charming personality, baking skills, or any other combination of sufficiently positive and unique characteristics.
DJ is one asexy amoeba. I hear he can bake a three-layer cake in thirty minutes flat.
by Paul June 19, 2006
 
2.
A word of affection used to describe a person who acts like a typical asexual (wears a black ring/eats a lot of cake/doesnt know a thing about sex/likes hugging/wears AVEN colors)
Guy #1: wow your cousin's a pretty sexy bitch
Guy #2: nah...she's pretty asexy
Guy #1: what? you telling me she's asexual?
by zigzaggin March 27, 2011