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2.
Term used when you catch a guy staring at your junk.
Guy #1: "Dude, are you staring at my junk?"
Guy #2: "What? No."
Guy #1: "Yes you were, you were totally gayzing!"

Guy: "I caught your gay friend staring at my junk yesterday"
Girl: "Really?! Were you wearing underwear?"
Guy: "Nah, I was freeballing it"
Girl: "Well, then you can't blame him for gazing!"
by Mann Monroe September 10, 2012
 
1.
v. The act or activity of gay people watching.
On his coffee break, Mike likes to take his tall-double-mocha-soy-latte and go gayzing down by the Ferry Building.
by sleedle January 06, 2007