That Louis CK bit where they describe the etymology of the word "******" as a slang term is completely incorrect. Using that as any sort of reference is misleading.
Missing the point entirely, but I'd be interested to see where your source on the correct etymological break down comes from ...
"Especially used for burning heretics (emblematic of this from 1550s), so that phrase fire and ****** was used to indicate "punishment of a heretic." Heretics who recanted were required to wear an embroidered figure of a ****** on their sleeve, as an emblem and reminder of what they deserved."
... Comes close in sentiment if not the letter. The point was the feeling and associations with the word, not the exact historical definition. But the feeling it conjures to those around.