A straight man/woman who pretends to be gay with the hope of sleeping with a member of the opposite sex, playing on the possible fantasy of "converting" them.
Girl: How do you know you don't like women if you've never slept with one?
"Gay" Guy: I don't know. I never really thought about it.
Girl: We should totally fuck.
"Gay" Guy: Well... I guess I could *try* it, sure. ;)
*30 minutes later*...
"Gay" Guy: Yeah so, I'm actually a closet heterosexual and just wanted to get in your pants.
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.