The result of an evening of good times that's been remixed with vino, jerk chicken, and remixed bball action. It's then followed up by additional good times, jokes, and serious chillaxin.
It is also known to those who play scrabble at interesting hours of the morning after having drunken themselves into a pure state of Brahma bliss and enlightenment.
"Dude, that's gagqi. What was that...GAGQIOLA!!! lol lol...good times".
"Gagqi" it's what?...that's right G A G Q I. Did you hear that? That is GAGQI.