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gay old time 

1) To have a very jovial experience, such as with the intake of weed or alcohol.

2) Used by Mr Burns in the Simpsons to describe an event he had when he was younger.

3) An event pre-dating the present and that involved homosexual behaviour.
1) By jove, this Vodka is insubstantial compared to the hydro we were just smoking. But, of course, it does enhance the experience. Ah, what a gay old time we're having.

2) Oh, well, when I was six, my father took me on a picnic. That was a gay old time! Oh-ho, I ate my share of wieners that day.

3) Hey, Oscar Wilde, I hear ya've been having a gay old time down at the Gentleman's Writer club.
gay old time by Rory December 18, 2004

gay old time 

A phrase that I'd badly like to use without being accused of being a homophobe.
Person #1: We'll have a gay old time!
Person #2: HOMOPHOBE!

gay old time 

see lemonparty. When gay old men have a gay old time.
My grandpa had a gay old time with other grandpas in my bed, daddy!
gay old time by Smoky McBongwater September 13, 2008
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