Its reference to a female's booty that you cant see right away. It can be a small & tight butt or (i prefer) a big & ferm booty.
Also a gargoyle is the butt version warlock (see warlock)
guy1: "Wwwoo, did you see her booty?"
guy2: "Damn, naw man!
guy1: "You got to get a glimps at that gargoyle!"
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