'btb' is short for "Beat that Bitch". This term is used when you one-up one of your friends, or do something better than them.
You: I beat you by like 20 seconds in that race today.
Friend: Calm down, I usually beat you in races like that so btb.
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(gay-boo-luss)
This term is used when a describing a homosexual man who is fabulous or stylish. This term can also be used by a homosexual man who is describing something they like to do or describing a person they like to hang out with or is stylish as well.
Person 1: I'm looking so gaybulous today
Person 2: Ikr, your eyebrows are on fleek too.