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It is the words "Gay litte bastard" mashed together into one word.
John is such a glastard!

Go suck a cock you glastard!
by Marc Bernstein July 30, 2006
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Sep 8 Word of the Day
A casual invitation / threat used by an individual that is not afraid of fucking someone up.
PAUL: I'm going to beat your ass.

JACK: Fuck around and find out, fool!
by NX STARCHILD October 16, 2020
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