Somebody who wants/owns all 3 major game systems; Xbox 360, PS3, and Wii. Also used to as a term to describe somebody who will do anything to get a game they want.
Kyle: Wade owns a Wii and a 360 but he wants a PS3.
A hole for gaming. The Gamehole is an actual, physical location used to play games. The most common games are things like Dungeons & Dragons, Pathfinder, etc. It is a place for talking smart and being inappropriate.