Something a man says to show great respect or admiration for another man. Usually said listfully as if the man wishes he was gay in order to be involved romantically with the man in question. May be used by females, but usually in reference to attractiveness rather than amount of respect/admiration.
I love gays is a phrase to say when proclaiming your love for the lgbt community. Some do not like this phrase and that is ok. All people have different opinions