The story
In the sense "lesbian who is neither butch nor femme", sometimes said to mean "neither-nor" in some language; related to kai kai (“sexual activity between drag queens”); see that entry for more. In the sense "a gathering for gossiping and chit-chat", perhaps imitative of giggling.
First known use, by meaning
- from the 1940s through the 1970s A lesbian who is neither butch nor femme.
Etymology from Wiktionary, CC BY-SA 4.0.