What is Cockpipe Cosmonaut?

Quite possibly the most ridiculous term for a homosexual men. This is usually said either by people with the maturity of a fifth grader or openly gay men joking about their sexuality.

Idiot #1 "Duhuhuh Richard is a cockpipe cosmonaut"
Richard "Congratulations you now have the observational skills of a 2nd grader, and half the maturity you retard."

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Cockpipe Cosmonaut - video