And a little more education so you understand where it came from
From Wikipedia
When used with a derisive attitude (e.g. "that was so gay"), the word gay is pejorative. The Times (June 6, 2006, p.3) comments that while retaining its other meanings, it has also acquired "a widespread current usage" amongst young people, to mean "lame" (also an epithet for a marginalised group, namely disabled people) or "rubbish". This pejorative usage has its origins in the late 1970s, when homosexuality was more widely seen as negative by a majority of people. Beginning in the 1980s and especially in the late 1990s, the usage as a generic insult became common among young people and promoted by the current music artists, who may or may not link the term to homosexuality, especially when directed at inanimate objects. This practice is frowned upon in some communities that seek to ensure respect for people of all sexual orientations, and is considered by some to be on par with ethnic slurs. Many defenders of the word's pejorative usage choose to spell it "ghey" to avoid any sexual connotations. Critics object to this change of spelling, often comparing it to the use of words like "knigger" or "nigga" for nigger to evade accusations of racism.