What does fish mean gay term?

In LGBTQ+ slang, "fish" is often used to describe a transgender woman, particularly one who presents in a hyper-feminine way. The term can imply that the person is very feminine or attractive, akin to the phrase "she's a knockout." However, it can also carry derogatory connotations depending on the context and intent behind its use. As with many slang terms, the meaning and acceptance can vary among different communities.