What is Gay Time?
1.
The act of being habitually late.
Q: Where is he?
A: He’ll be here in about 20-minutes, he’s on gay time.
See
2.
a time meaning "when-i'm-ready-o'clock." usually running about a half hour late.
"When's John going to arrive?"
"He said he'd be here at two, but he's on gay time, but he probably won't show until three."
See