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1.
(Also known as man talk) essentially a mix of philosophy, politics, religion, sports, women, small talk, and profanity. Of this list, here are the approximate percentages, which can vary widely from conversation to conversation:

Philosophy: 10-40%
Sports: 10-70%
Politics: 15%
Others: 5%

It is in the purest sense a frank, to the point conversation that involves no trying to interpret the "deeper meaning" and involves no advice-giving. There's a code of chivalry that a man's gotta do what a man's gotta do. Rarely does guy talk involve personal relationships except in the most cursory of ways unless one guy is going through some problems and needs some advice. Guy talk NEVER involves talk about what happens in the bedroom or gossip. Guy talk said in the room/bar/dwelling/strip club stays in the room/bar/dwelling/strip club.

Not all humans of the male gender are capable of pure guy talk and by definition, no human of the female gender is capable either (just as no human of the male gender is capable of pure "girl talk"). Some women can come very close, but not being a guy and not understanding what it is to be a man makes it literally impossible for a woman to engage in guy talk in the purest sense.
Shit, I just want to get drunk and make some guy talk!
by splanchnopleure January 22, 2011
 
2.
Rational or humorous conversation used by men to offset the emotional, confusing, and overly dramatic babble often emanating from clusters of two or more women (see girl talk)
Without any of his male friends present, the man was unable to engage in the guy talk they regularly used to nullify the gossip-filled conversations of their female coworkers that occurred nearby.
by ZoMBiE_Loose May 18, 2009