* Is a misspelling: Perhaps you meant a similar-sounding word like "layaway" or "relay."
* Is a regional dialect word: It might be a word used in a specific region or community. To understand its meaning, you would need more context about where you heard it.
* Is a slang term: It could be slang used in a particular group or online community.
To help me understand what you're looking for, please provide more information:
* Where did you hear the word? (e.g., a movie, a conversation, online)
* What was the context? (e.g., what were people talking about?)
* Do you have any guesses about its meaning?
With more context, I can help you figure out what "lagaylay" might mean.