Homosexual.
Usage citation: Dr Who, S04E07 The Unicorn and the Wasp: Donna Noble says:
Typical, all the decent men are on the other bus.
i.e. All the decent men are riding the other bus.
That fag Joe must be riding the other bus.
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Another way of saying someone is gay.
Oh man that fucking queer Joe must be riding the other bus huh?
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