A basketball player who coincidently averages a triple-double every game who coincidently is in a relationship with a girl or guy youv'e had your eyes on longer than you've know about the relationship.
A magical johnson (slang for penis) that cures HIV and other sexually transmitted diseases. Also cures poverty by potentially granting women the chance to win 18 years of child support payments.
Nig 1: Yo nigga I heard Magic Johnson got clapped with HIV
Nig 2: Bet nigga he got dat magic johnson you feel me? He just rubs it a few times and biggie comes out and cures him of all diseases and sins.
Nig 1: Bet nigga! Ima see if I can get my hands on that shiiet. I got HIV and Ee-bolla!
The well-known and liberally discussed philisophical debate on whether or not it would be worth one billion dollars to suck on Magic Johnson's HIV infected cock until completion on live television.
It is generally acknowledged that, of the two camps, those of the opinion that it is worth the one billion dollars are not affected by further augmentations to the wager for the sake of humiliation (for example, ass to mouth, or ass to goat to mouth, or ass to goat to contestant's mom, to mouth, etc...)
Alex said he'd take the Magic Johnson's Johnson Gambit, cure aids, execute anyone who's ever seen the video, and cackle with maniacal cachinations as he fucked Natalie Portman nightly in his custom sex dungeon, the likes of which Gary Gygax has never seen.