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1.
1. A person who is heterosexual, but given the right same sex partner they would be willing to have a homosexual relationship. This is more common among females than males.

2. Used as a jest towards someone who is heterosexual, but has a deep admiration for someone else of the same sex
1. female 1: "Did you see Angela and Jennifer making out at the bar last night"? I thought Angela was straight.

female 2: "Yeah, I heard she's homolite for Jennifer".

2. Dude 1: "I just love Tom Brady. He really is the best quarterback ever"

Dude 2: "Dude, you sound totally homolite for him right now"
by Smitty 242 September 07, 2012