Can also be used in the verb tense as Layed, or Laying. i.e. I am laying someone right now, or I just layed him.
Girl 1: What is going to be the Heads?
Guy 1: LAY, the head is going to be heads. How does it feel to get LAYed?
Guy 1's Phone Rings and Guy 2 is on the other end:
Guy 2: Wuts up bro?
Guy 1: I can't talk now I am laying girl 1
Girl 1 is having a conversation with her boyfriend guy 2 later that night:
Girl 1: so guy 1 totally LAYed be earlier...i did not realize that the head on a quarter would be considered heads in a coin flip before
Guy 2: LAY
Person 2 : Yeah.Lay was pretty hot.
Greg where did you get your new lay from ?