A person who fits the general sterotypes associated with a homosexual but who, in fact, is heterosexual.
Katie: Did you hear that Jennifer Hudson is engaged to 'Punk' of I LOVE NEW YORK?
Lenny: Really? I thought he was gay!
Katie: No, he's just a 'homoclone'.
As in Kimora Lee
When, rather than marrying a man for 'his' money, an enterprising woman will marry a man for his network/connections in an effort to accumulate her own wealth.
Kimora Lee Simmons
Serene: How are things going with you and that NBA player you're dating?
Brandy: He's cool but I'm just not into him.
Serene: So do you plan on breaking up with him soon?
Brandy: Hell no! I'll "Pull a Kimora". I'll make my money, THEN dump him.
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