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GAY: homosexual and quite offensive to gays when typed or written out this way.
GHEY: another term used for "stupid" or "lame." it isn't spelled the same way as the first one, therefore it's a homonym.
"Did you see that kid try to juggle? He looked so ghey up there, dude."

"Will you go out with me?"
"NO WAY! You're ghey!"
ghey by k.d. January 25, 2007
Related Words
An extreme version of GAY. This is the pinicacle of flaming wrist snapping fabulous.
That guy wearing the hand stiched daisy dukes and the silk blouse is definatly GHEY.
Ghey by Jon Sanchez July 13, 2006
saying something is not appealing in a non-homosexual way
pronounced as 'ga-hey'
"he stole my girlfriend"
"oh that's ghey"
ghey by lol in my head September 30, 2008
A higher, more flamer-esqe version of gay people. It is when a series of men, usually 3, enter a mindset together where they want to have intense fetish buttsex or take part in another form of homosexual intercourse.
"Hey Dale...want to call Jim and be ghey?"

"Steve, did you hear that Jim, Dale, and Mike were being ghey?!"
Ghey by DaRansom April 28, 2010
A chatters synomyn for gay. Often used derogatorily to defame a person, thing, or event. Of or like a Homosexual.
That show was ghey. Jason is ghey.
ghey by Peter Smith October 3, 2002
Colloquial term originally created by the students of St. Leonard’s College to condescend Chumma (a person who is clearly ghey). It developed new meaning amongst peers and can now be used as both a playful compliment (which can sometimes cause confusion amongst people who are unaware of its meaning or when not used in the correct tone) and a derogatory description of an event, person or object. It is pronounced differently to ‘gay’, similar to the first sound bite (it does not rhyme with day). It has no homosexual connotations and its derogatory nature implies more that something is lame, stupid, unjust or just plain ‘ghey’.

One day it will be in the dictionary between ghetto blaster and Ghiberti where it rightly belongs, as it is somewhere between gangstaness and culture.
* "Ya ghey"
* Amy and Loz exclaim cheerily and in high-pitch "Ya ghey!" Lucy sarcastically replies "you guys are so ghey"
*Chumma's foolish acts of throwing eggs in Southland (a shopping centre) make it clear that he is truly ghey, and not in the complimentary sense
ghey by Luchang July 21, 2008