A person who is being gazed at or looked at, though this is a very rare and archaic term.
From 'gaze' with the suffix '-ee' (indicating the recipient of an action), following the pattern of English words like 'employee' (one who is employed) and 'trainee' (one who is trained).
This word is so obscure that most dictionaries don't even include it, but it's a perfect example of how English's '-ee' suffix can theoretically be added to almost any verb to create a noun for whoever receives the action.
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