"The word 'gay' [alternate spelling: 'ghey'], in addition to being used to mean 'homosexual' or 'carefree', was often now used to mean 'lame' or 'rubbish'. This is a widespread current usage of the word amongst young people... The [pejorative use of the] word 'gay' ... need not be offensive... or homophobic [...]"
gay (adj.): 1. Happy. 2. Homosexual. 3. A generic insult.
1. You are gay. 2. You are gay. 3. You are gay.
-- Urban Dictionary, definition #2
gay (adj.): The word that appears as a tag of just about every other definition at Urban Dictionary.
-- Urban Dictionary, definition #36