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An agency that is owned, operated and/or only serves a gay, lesbian, bisexual, transsexual, transvestite, metrosexual, or ambiguous audience.
E: My friend Michael is thinking about starting an agency.
B: Are you sure he's starting an "agency"?
E: Yeah why.
B: Well, we're all gay, so he's starting a gaygency.
by Monty Maverick October 27, 2006
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