Code word for "gay" men. Squirrels like nuts, so do "gay" men. Squirrels have the bent wrist syndrome, so do some "gay" men.
Instead of a gay friend saying "Hey GURL hey!" to his gay bestie, he says "HEY SQUIRREL HEY!".
Mike: HEY SQUIRREL HEY!
Matt: Hey SQUIRREL! Your looking FABULOUS today!
Johnny: I can't crack this nut, sometimes its not easy knowing if someone is a "squirrel". He might be a flying squirrel, not a prancer.
Chad: Tsk tsk. Yeah he might be hibernating in his tree.
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