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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
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