When two good male(or female) friends have a very strong friendship with each other that allows them to act as if they are gay for a pure comical/fun purpose and not have no real seriousness behind their actions.It is commonly, but not always, between two people. Members of the opposite sex may find it attractive to see two people whom have a gaytionship, though people in a girlfriend(or boyfriend in the case of females) relationship with either party memeber may become slightly jealous.
"I wish everyone had a gaytionship. The world would be a much happier place."
by Techy June 04, 2006