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The combination of Asexual and Bisexual, most commonly referring too Asexual people who have relationships with both men and women.
James "Hey Katie do you want to go on a date with me?"
Katie "Im Baysexual, so I don't get intimate with people but sure."
James "I'm fine with that, see you around 7."
Someone who openly and vigorously defends the films of Michael Bay. Claiming them to be grand feats of cinema when actually they are just hot chicks and explosions.
Tristan claims Transformers 2: Rise of the Fallen is as great a film as Citizen Kane, what a baysexual douche.

bisexual anthem 

some friend: "do you know that song called Sweater Weather?"
me: "do you mean the bisexual anthem?"

bisexual guy 

A male that is attracted to more than one gender. He is often seen as terrifying by straight men and is often subject to the delighted glees of yaoi fangirls. He may also be told that his bisexuality is a "phase" and that he is really gay and just won't admit it. And, sometimes when telling people he is bisexual, he is told that "only girls can be bisexual" and that "you're just gay".
Me: I'm a bisexual guy.
Some dumb fuck: Oh no you're not you're just gay and won't admit it! ^w^
Me: .... Go fuck yourself.

Homoromantic Bisexual 

A person that is sexually attracted to both genders but emotionally/romantically attracted to people only of the same gender
"Lizzie liked to lust after and have sex with both men and women but she could only see herself in a relationship with a woman. This meant that she was a homoromantic bisexual"

Bisexual Awakening

When an individual, who has always thought or assumed they're straight, suddenly develops a huge crush on someone of the same gender. This makes the individual wonder if they are actually bisexual, rather than straight. As the same-sex crushes persist (as well as opposite-sex crushes), they realize in time that they have had their bisexual awakening, and are indeed a bisexual.
"It's weird... I've always only ever liked girls... but now I have the biggest crush on Matt! I want him, I want nobody but him! I've never felt this way before!! I... think I've had my bisexual awakening!!"