I rarely hear that word said (at least in person) by anyone other than my gay friends that say it.
Most say it jokingly, some say it in a derogatory way towards other gay dudes they don't like (a few of my gay friends dislike "twinks" and "girly" gay guys).
I think it's odd that the guy who coined the term "Trump Derangement Syndrome" was arrested last year for trying to solicit a minor. Classic. They love their minors.