The cold that all gays get during/after Pride. Generally refers to colds spread specifically during a Pride that follows one or more years of Pride being canceled, which causes everyone's immune system to weaken. Gay cold are especially common when the reason Pride was canceled the previous 1+ years was because of a global pandemic that left everyone in lockdown at home, for months on end, without exposure to a statistically significant number of other gays each week to keep the immune system hardy.
"I know I didn't get COVID because I'm vaccinated, so why do I feel like I have a cold?"
"It's the gay cold. Remember, Pride was last weekend?"
"Oh yeah that's right. It's definitely just the gay cold, not COVID. Thanks for reminding me."
"No problem! I gave it to you, the least I can do is let you know what it is."
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