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1. A person, likely a male but not exclusive of females, who engages in sexual intercourse with both sexes. This is not a reserved to single encounters which include both sexes but rather a life style with ongoing relations between both sexes. The term is HIGHLY derogatory and as such applies to males more oft then females.

2. While 2way is a term to describe a person specifically it can also be used to replace items commonly referred to as "gay" in the same traditionally derogatory sense. It should be noted that it holds more overall offense compared to terms such as "gay", "faggot" or "queer" and when used to describe an item it trumps "ghey" as well.
1. "Keep to your own kind Johnny. I hope all of you 2way's die lonely!"

2. “These new biodegradable spoons are 2way sluts!"
2way by Grogoo August 14, 2010

2 way street 

an expression. meaning if you want something from a person, you have to give the same to them back.
relationships are a 2 way street. if you expect your significant other to respect you, trust you and be faithful you gotta give that back.

2 way street a song by slick rick
2 way street by hiphophead293847 August 19, 2009

2 way sword

A way of saying double edge sword when you're retarded.
Hong Kong Phooey - You cant set the Bar and Prescedent up high and then ask people to work the next time for 1/2. Its a 2 way sword. (sic)

The UG - LOL
2 way sword by Flipyoutoo September 28, 2008

Hit me on the 2 way

An alternative way of saying "phone me"
JIM: Yo Dawg, whats poppin.
HAROLD: Going Big phils init, to lean him up dan.
JIM: Nah "Hit me on the 2 way" When your on road, peace homie
Hit me on the 2 way by Grezsta April 20, 2006

2 way freak 

n. A girl who is always using up your text messages for a booty call.
She's a 2 way freak.

Song: 2 way freak by Three 6 Mafia
2 way freak by Memphis Reppa July 6, 2007
2waycom can obviate a non-sensical monologue.
2waycom by Hercolena Oliver August 23, 2009
2 way by VAKI5 November 8, 2003