gonzo => An extremely low-budget genre of porn in which one person acts as director, actor and cinematographer. First person porn. Watching a gonzo blow-job is just like being there.
(Source: Mike, Nov 6, 2003)
gonzo
1) Crazy, madcap, unwieldy, or anarchistic.
2) A perticular style of journalism used most famously by writer Hunter S. Thompson in the 60s and 70s, in which the journalist becomes a part of the action. A natural extension of Tom Wolfe's "New Journalism", Based upon the idea that fiction and journalism are both a means to the same end, and that the best journalists have always known this.
3) A blue character on the Muppets with a very phallic nose.
4) A style of first-person pornography, from the view of the camera operator.
Source: Phil Nelson, Aug 2, 2004
gonzo => The act of removing your penis (and testicles, if you wish) and resting it/them on the face of a sleeping person so it looks like they have a long nose (the penis) that Gonzo from the Muppets had
That one guy passed out at the party and I gave him a gonzo.
Source: poo, Feb 24, 2003
gonzo:
1) A style of porn where there is no attempt at a story - people just have sex and someone else films it. Often very low budget.
2) A bitch with a very large nose resembling Gonzo the Muppet's.
3) Dude I made my own porno last night! I fucked this bitch while I left my webcam running. It was true gonzo style!
4) Me and my made had pig-ons with Gonzo last night. Man that slut is a whore.
Source: ButFli, Jun 2, 2004
Source: Urban Dictionary
http://www.urbandictionary.com/define.php?term=gonzo&r=f