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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
An excited male expression used just prior to a potential or just after a successful sexual encounter.
I had sex with 2 lesbiens last night, gigitty-gigitty-gigitty
gigitty by Kyle Routledge June 12, 2004
when dat hott chick bent over, i said gigity
gigity by sumguy8 June 22, 2010

gigity manz

you'll only know gigity manz by knowing. don't say anything about gigity manz. gigity
bro, you not gigity manz
gigity manz by googoo goonervich November 3, 2022

Bom-gigity 

Wow that pizza was bom-gigity
Bom-gigity by Chica271 May 28, 2018
The accumulation of pornography on a computer hard drive is becoming known as a gigity. I have four video gigities and three asian gigities.
gigity by Josh C Brown April 22, 2006