Gay

gay |gā|

adjective ( gayer , gayest )

1 (of a person, esp. a man) homosexual • relating to or used by homosexuals 2 lighthearted and carefree • characterized by cheerfulness or pleasure• brightly colored; showy; brilliant

Me- "Dude check out my new bike."Josh- "That's fucking gay man."
This is a situation that the dictionary left out. Here Josh used the word gay to call my bike dumb, or stupid looking. Now this could also be Josh saying my bike is homosexual, that is correct according to the dictionary.
But too often gay is used to explain something stupid, dumb, or bad such as: Homework, school, work, or a meeting. This means gay has a whole new meaning that is not in any dictionary. I think its about time they revise that shit and start printing gay as an adjective for stupid things because this new form of gay has been sweeping the nation since 2001.
So get your shit together Webster Dictionary, and add the new form of gay.