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1. Used to express sexual attration or intent if used in the most explicit form.

2. More likly used as an exclimation of sorts ranging from displeasure to approval.

Originated from the Quagmire character on the TV show Family Guy. He uses the word in the first manner. As a note this word is hardly used along, instead it tends to repeat itself several (commonly two or three) times in a row.
"Gigity gigity Gig-it-y!" --Quagmire
Gigity by Xhelix March 12, 2005
Related Words
A term used by Glen Quagmire in Family Guy, usually when he hears a dirty word or phrase
person#1:you have to squeeze it in
person#2:Gigedy!
gigedy by abdi#455332 March 2, 2014
Is the guy you need to go to when you want to find a party. A common phrase used to summon him is "where the gigs at?" Also know as the Gig Miester, the Gig King, and at the most reknown name The Big Meech of Gigging. He is commonly found balls deep in multiple girls. He is respected by all is definatly the cool kid.
He Gigery whats good for tonight? Gigs replys "Hold on let me check my GPS (Gig Positioning Satatilite)"
Gigery by Gigery himself September 10, 2011
1.Usually said when someone or yourself says a sexual joke.
2.Usually said when someone or yourself is sexually aroused.
3.The catch phrase of a character named Quagmire on the hit T.V. show Family Guy.
1. Anonymous Pervert 1: That's what she said!

Anonymous Pervert 2: Giggety!

2. Woman: Fuck me harder!

Anonymous Person Having Sex 1: Giggety!

3. Quagmire: Giggety giggety giggety giggety giggety giggety giggety goo! Alright.
Giggety by lolzielol. April 12, 2010
when dat hott chick bent over, i said gigity
gigity by sumguy8 June 22, 2010

Gagetyping 

The act of typing with no errors and correct and exact punctuation, such as this sentence.
Gagetyping such as this: Tanner, you are the coolest person I know. Lol.

(horrible I know)
Gagetyping by Tanner G. January 14, 2009