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1.
Another way of saying cool, or safe, or awesome, or anything like that.
That game is halyard!

That's one halyard thingie-me-bobby.
by James Baker February 04, 2004
 
2.
fantastic, well-in, SAFE, cool.
ah man, that is halyard
by SOOOOOOZI February 04, 2004
 
3.
noun- a homosexual male, who is addicted to sex.
verb- GAY SEX
homosexual male 1; hey youre cute
homosexual male 2; are you up for some halyard?
by whoisme January 28, 2008