look up any word, like fellated:
 
1.
A vacation taken by gays to a gay place.
Did u hear that Tim and Derek took their gay away to Boca Raton.
by forrestree February 09, 2010
 
2.
A play on the word layaway. Refering to the popular yet misguided assumption that bisexual people are "confused" and only come out as bisexual as part of a process that leads to them eventually coming out as gay. Often derogatory or offensive.

See also bi now, gay later
Jane may think she's bisexual, but we know she's on gayaway.
by Frobaggin February 05, 2010