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This is a word that has a couple of meanings to it and has been recently reestablished by gongshow gear, a line of hockey apparel.
Gongshow Gear defines gongshow as:
1. A lifestyle defined and perfected by hockey players; 2. Passion for the game on the ice combined with a love for the party off the ice; 3. A unique code of ethics shared amongst hockey players that is widely unknown to others; 4. The biggest underground hockey fraternity in the world.
Example: Lovin' this gongshow, our game is going to be crazy Saturday but not nearly as crazy as the afterparty!
Many others refer to gongshow in its original meaning which is a hockey game that has gotten out of control with ridiculous fights, goals or other crazy events.
Example: Did you see that gongshow last night? There was a bench-clearing brawl and this puck bunny got thrown out for flashing a guy in the penalty box!