ogay

What the picture shows

A wide, flattened face with a smug, heavy-lidded expression is overlaid on horizontal rainbow stripes, with a small black mustache and a slight smirk. Chatters likely use it to react with ironic or deadpan approval, often in response to something surprisingly good or as a mock-serious "okay" or "oh gay" joke.

No measured meaning yet. Used 54 times in 7 channels this month; one is written once chat gives enough evidence.