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1.
1- non-hetero screwball piano player with a knack for dressing like a clown.

2- anyone who buck's up and goes through life happy despite the fact that everything around them is shit (like being a non-hetero screwball piano player with a knack for dressing like a clown).
"hey timmy, you look down. you okay, girl?"

"yeah, i hooked up with this dude from my youth group last night. he was tossing my salad and i accidentally shit on him."

"yikes!"

"yeah, my life is shit but i'm gonna 'liberace' it anyway."

"way to think happy thoughts, timmy."
by stu in the zoo April 30, 2007
 
2.
A gay man found attractive by women whose gaydar is not working.
"He's just such a good listener!"
"I think he's a Liberace."
"What?"
"Never mind."
by T. Barr July 10, 2008
 
3.
some gay bastard that played music.
Liberace holdong hands with elton john, marching next to a purple, upsidedown, triangle shaped float in a homosexual rights parade while waving a rainbow flag, is not as gay as that boy.
by Captain Awesome May 04, 2006