|1.||gay as balls|
Originally the term "gay as balls" had a very different meaning and was used to describe an event who's gaiety matched those of formal balls (dance).
I hear Florence's lawn party was gay as balls.
|2.||gay as balls|
something really gay, very homosexual or stupid.
Jamie: dude, what the fuck.
Steve: Just wanted to touch your penis
Jamie: Man, that was gay as balls