Variation on going to "Hold My Breath Till I Turn Blue" as a response to waiting for something to happen which is most likely never going to happen
Dude #1: I totally have a shot at this cocktail waitress chick

Dude #2: You so do not have a shot at that chick. You might as well hold your breath till you turn gay.

Dude #1: Hold my breath till I turn gay?

Dude #2: Yeah start holding your breath now, cuz here she comes over to our table....
by January 10, 2010
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