When normally heterosexual guys or girls get drunk (wasted) and accidentally make out or hook up with the same sex.
"Man, last night I got sooooo gaysted! There are photos up on facebook of me and Bertha doings shots of Slippery Nipples and making out. Do you think I should detag them?"
Precedes or follows either a gratuitously disrespectful or honest remark, originated in New York City. Used in similar fashion to "no offense" or "to be honest," interchangeably.
Ya mans is wild buns, respectfully. Respectfully he's washed.
After school, The Modells on Jamaica Ave was active. Respectfully.