It does, because unfortunately plenty of young men use that word. It doesn’t mean they’re homophobic. I was young and stupid too. I know what it’s like. I’m very pro-gay now though.
Growing up in the 80’s and 90’s, it was a word very commonly used by many people. And nobody was scolded for using it.
But, times have changed and what was acceptable in the past doesn’t mean it should be accepted nowadays. I’ve had to learn to not use certain words because people are offended by them.
It’s funny that south park had an episode on this. It’s what they called bikers. Reality is a lot of people who used that word don’t have issues with gay people.