Not really. It's slang, and it does not mean "homosexual" any more than "jewish" means "money squandering". Just because some people use it that way does not mean that its definition is "homosexual".
You know, a lot of people misuse the word "ignorant". They go "my, that's ignorant" or "Quit being ignorant". You've heard it, I'm sure. What does the word mean? Unaware. Uninformed. Not erudite. Yet people toss it around as an insult, not at all meaning "My, what an un-learned fellow."
That doesn't mean that the definition has changed - it means that the one who uses it improperly is, well, <b>ignorant</b>.
For the record, I don't appreciate the hijacking of words such as queer, gay, fag, etc. Homosexual females have "lesbian" - why do homosexual males get to steal regular words? Why do people continue to support the misuse of these words?
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