Indeed. Playground banter is all about abusive terminology and learning to live with/adapt-so-you-can-reflect-abuse-back-at-your-abusers.

I'd really hate it if the word "Gay" were to be seen as off-limits and politically-incorrect to the point that it then gets 'reclaimed' by identity-politics types to the point it can only legitimately be used by-gays about-gays (like 'nigga' has become in black circles).