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1. Used to express sexual attration or intent if used in the most explicit form.

2. More likly used as an exclimation of sorts ranging from displeasure to approval.

Originated from the Quagmire character on the TV show Family Guy. He uses the word in the first manner. As a note this word is hardly used along, instead it tends to repeat itself several (commonly two or three) times in a row.
"Gigity gigity Gig-it-y!" --Quagmire
Gigity by Xhelix March 12, 2005
Related Words
An excited male expression used just prior to a potential or just after a successful sexual encounter.
I had sex with 2 lesbiens last night, gigitty-gigitty-gigitty
gigitty by Kyle Routledge June 12, 2004
when dat hott chick bent over, i said gigity
gigity by sumguy8 June 22, 2010
Wow do you see that man over there he’s a Gigit.

Wow we really do suck we need to become Gigits.
Gigit by Jackmanisliggit March 30, 2020

gigity manz

you'll only know gigity manz by knowing. don't say anything about gigity manz. gigity
bro, you not gigity manz
gigity manz by googoo goonervich November 3, 2022
When a royal person say "giggity"
King: Gigitay darling?
Queen: I say dearest. No.
gigitay by Edco November 18, 2011