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2.
Taste that a gay person has. A portmanteau of gay and taste.
"Tavis looked fabulous at the party last night. He had on this slim-fit cotton shirt and powder blue seersucker pants."

"That queen's got gayste!"
by michaelthomaseddy August 06, 2012
 
1.
When a homosexual is really hot and it is a waste because they could have been straight.
Boy 1: God! that girl is sooooo hot! it's such a shame she is a lesbian.
Boy 2: yeah...what a gayste...
by TheGayBlackJew March 25, 2011