Hanging Loaf
When an incredibly flamboyant homosexual, often with a baby dick, hangs a loaf of Nickle's white bread by his front door to indicate he is down to blow just about any man who presents himself. This is similar to red lights in the red light districts. When the gay sex has culminated all parties involved indulge in sammiches.
Look! That dude is hanging loaf! Let's go get our nuts gobbled by whomever lives there!