A generation of gayguys. Every 3 or so years a new generation ascends in the gay community, making the generation prior to the new one automatically more wise, experienced and mature.
"Oh my god, what are Maikel and Remco doing, dressing up like GaGa and going out high as a kite on their fatburner buzz? Srslyguys, I don't get the new gayneration!"
A celebratory event held at a restaurant or bar where everyone invited gathers and must buy their own food or drink... as opposed to a "party" where there's a host providing such fare.
Hey, Howie's turning 30 this Saturday.
Cool! Is he having a party?
Nope, he's broke. We're just hitting a bar.
Oh great, another gatherbration.