Robert Peston, the BBC financial commentator has been accused of homophobia. He used the phrase 'Queer Street' to state where countries with dodgy economies might be heading. The PC fascists were out in force.
See: http://www.telegraph.co.uk/culture/tvandradio/bbc/8889306/Robert-Peston-fends-off-homophobia-claims-over-Queer-Street-comments.html
The word 'gay' has been hi-jacked. If one says today 'a gay old time was held', or 'we had a gay day today', it is not understood by the PC shower in its correct meaning: light-hearted, mirthful, showy.
So, lets all be gay and hope we are not heading towards Queer Street.
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