1. A phrase said after saying something that could be interpreted as homosexual to someone of the same gender as the speaker.

2. A phrase used in the above context, so that one can say something very gay about someone but still technically remain straight. Acts as a loophole for people to say really, really gay things that otherwise would just not be socially acceptable. People might still look at you weird though.

Definitely homo.

Phrase used after one inadvertently says something that sounds gay.

means your not gay

Usually said after a statement that could be interpreted as homosexual.

An addendum to a possibly homosexual-sounding statement. Working as a "Get Out of Jail Free" card, it allows the speaker to maintain his or her heterosexual reputation no matter how homosexual the previous or forthcoming statement.

A phrase that makes you straight NO MATTER WHAT YOU SAY/DO.