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.

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

means your not gay

Phrase used after one inadvertently says something that sounds gay.

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.