When a homosexual is set on having relations/a relationship with their straight friend; assuming that they will eventually reciprocate their feelings. It is, essentially, gay layaway.
Felicia: Why don’t you let go of Micheal and find someone that will love you?
James: Girl, bye. I got him on gayaway. He’ll be mine soon.
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.
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)