As in, the word. I can (barely) remember when it meant "happy, joyful". Then it came to mean "homosexual". Now...I don't quite know what it means. When a kid says something is "Mad gay" he does not mean "angry homosexual", nor is he giving a compliment. Are y'all going to have to start calling yourselves something else?
It used to mean promiscous, then it meant carefree and happy, joyful...then it mean't homosexual... ^.^ Now the terms have changed again, as new generations carry it somwhere else, as it has been done in the past. It's a very emotional word that churns up calamity storms. It opens the door to the asexual refuge from the blindness of love. Sad sad sad =. ( But it can become joy =S
It basically means that something is stupid or not cool when used in that context. Saying that the remake of The Last House on the Left "is gay" means that it isn't a very good movie. I personally hate the way in which the word is used nowadays, but its something I suppose that will have to be accepted.