Not gay but
something close. It is a joking way of saying gay but doesn't actually have to be refering homosexuality or anything of the
LGBT+ community. Normally used in a cute way.
It could also be used to refer to anyone in the
LGBT+ community without specifying if they are homosexuals, transgenders, and others.
Something alike of gay panic.
Omg I was gaing out a bit too much when I saw Ruby Rose and Weiss Schnee interactions-
Boi you gai out too much these days.
Becky(a boy changed into a
girl, who likes
girls), you a gai
bish.