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In the gay world, more specifically amongst homosexuals, to act or be fishy is to act or be feminine. Also in the tranny world, to be fishy means to excel at being a woman, without much effort. Fishy is an adjective from the noun fish.
#1 - Girl, I didn't even recognize Jacob, he looked so
fishy, who did his make-up?

#2 - Look at Matt trying to be all fishy with those fake eyelashes!!
by niceboy October 05, 2007
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When I heard that my friend won something from sending a postcard to a company that he did not recall sending anything to, I felt that something fishy was going on.
by Light Joker October 29, 2004
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a person that acts shady and/or lies about whereabouts and activites.
Dave Vega is so fucking fishy i cant stand it.
by T-Fishh May 26, 2009
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the smell of an unwashed vagina.
Man that pussy smells of fish.

Ma hoe has a fishy punani, fool.
by kniP .rM August 02, 2003
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