Term used when you catch a guy staring at your junk.
Guy #1: "Dude, are you staring at my junk?"
Guy #2: "What? No."
Guy #1: "Yes you were, you were totally gayzing!"
Guy: "I caught your gay friend staring at my junk yesterday"
Girl: "Really?! Were you wearing underwear?"
Guy: "Nah, I was freeballing it"
Girl: "Well, then you can't blame him for gazing!"