As I already said: The problem is your attempts to extrapolate this to a universal.
Your social circle can come up with whatever pacts you'd like with each other. This does not change the realities of the rest of the world. For you and your friends the word is "powerless" -- great, that has absolutely nothing to do with virtually anything being discussed in this situation or thread. For everyone else, the word is not a synonym for jerk, and I'm repeating myself again, but the word still gets its power as a put-down from its uses in other contexts.
Do whatever you want with your friends - I don't care in the slightest - but continuing to use a word as an insult that virtually everyone else associates with a homosexual slur, absolutely propagates the idea that homosexuality itself is a slur. Again, "...people who use them might still connect them with the ‘homosexual’ sense subliminally. Phonological identity can prime semantic association." Your little pocket of the neighborhood would be in for a rude awakening if you attempted to pass this mentality off elsewhere.
...But we were specifically talking about my social circle that time.
And no. Many people do use it as something other than a derogatory term for homosexuals. Not just "my little pocket neighborhood" as you want to pretend. How are you unable to see that? When the word isn't used as a homophobic slur, it only gets its power from those who choose to be offended. I'm stating that we can and should all make the word powerless.
Oh, this quote again...Let's not even talk about how silly it is to not say words because users of the word "might", in their own head space, subconsciously make an undesirable connection to another word. Instead let me just ask you this: Do you still connect the word with old women, even though that's what it was original an insult to? What about an awkward bundle to be carried?
Lastly, I would like to say that I don't think how I use the word is wrong in the slightest. However, I'm fully aware that people don't have the same mentality as me, so I'm very considerate to other peoples sensibilities whom I am not yet acquainted with. "Your rude awakening" bit is quite scary though. Oh my.
You love to just pick one thing that I've said and then ignore what I've said in the other posts that relate to it. Don't even bother answering my questions, this is my last post to you. It's obvious that no one is going to convince the other much of anything. You took my interest and amusement of discussion as something negative, along the lines of "adamantly arguing to continue using homophobic slurs." Haha. This was entertaining at first, but watching you continue to do mental gymnastics is getting quite boring.
Edit: busted by the grammar police.