A play on the word layaway. Refering to the popular yet misguided assumption that bisexual people are "confused" and only come out as bisexual as part of a process that leads to them eventually coming out as gay. Often derogatory or offensive.

See also bi now, gay later
Jane may think she's bisexual, but we know she's on gayaway.
by Frobaggin February 05, 2010
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