Said after a phrase that could possibly be interpreted as gay.

Nothing says "I'm insecure about my sexuality" like feeling the need to say "no homo" after every sentence.

A word used as a “Get out of jail free card” after saying the gayest shit in humanity

When someone says something gay or sounds gay. No homo is used to tell everyone that person didn't mean it that way and they are in fact, straight.

a derogatory term usually used by hetrosexual men against other heterosexual men

A word that is short for homosexual.
Also used by immature teenagers as the ultimate insult word.

After someone says something that sounds gay(for boys),or les(for girls),when they don't mean it in a gay or les way.

Phrase addended by insecure straight men to a sentence that may mildly imply homosexuality on the part of the speaker (or may be entirely innocuous) to assure themselves, a second party, and the rest of the world that they are not, in fact, homosexuals.

At all.

In any way, shape, or form.

*SERIOUSLY.*