• Facial hair grown on the cheeks and chin.
  • A career accessory for a rich and powerful gay male, or for one who aspires to that rich-and-powerful status. A beard is the lovely and talented (often young) woman that he marries in order to convincingly conceal his homosexuality from the public. There's some amount of overlap with trophy wives. To name contemporary examples here would only make you a lawsuit magnet, of course.