Sometimes people will say "I'm having a gay ol' time" to mean "I'm having a good time" with a bit of a subversive tint to it, since they know that everyone know

Sometimes people will say "I'm having a gay ol' time" to mean "I'm having a good time" with a bit of a subversive tint to it, since they know that everyone knows that gay to mean happy is completely outdated. The vast majority of the time it means homosexual, even for women.