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1. kool aids
A group of nigga's that all have AIDS!
All these jive-ass turkeys belong to the kool aids gang!
2. Kool AIDS
The idea that having AIDS is Kool. An idea propagated by shows like Showtime's version of Queer as Folk, American pharmaceutical companies needing to push AIDS drugs in 2000, and San Francisco's Treasure Island Media that has pushed the limits of bareback pornography.

Please also see terms like "bug chaser" that didn't show up in the gay community until 1998.
Wow, that girl visits the bathhouse sooo much you think she believed in Kool AIDS.

That girl on roller skates is either going to a reshowing of Boogie Nights or a Roller Disco funded by Drew Barrymore.
She is soo Kool AIDS.

That girl isn't going to an AIDS fundraiser, she is the AIDS fundraiser. She is sooo Kool AIDS.

She thinks she's liberating herself through sex and Candy Darling quotes, unfortunately she's fallen victim to Kool AIDS.

Sam Adams got his job as mayor by pretending to be straight and posing with children. He was never Kool AIDS.

Gay people can't compete with Charlie Sheen without falling victim to Kool AIDS.
3. kool aids
This is what you get if you have unprotected sex with the kool aid guy.
Friend: I have aids, OH NO!!
Kool Aid guy: You have kool aids, OHHHH YEAAA!!!