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Ephi, I'm not one of those people that doesn't like a word because I belong to that category, I just don't like people using words against their definition.
gay /geɪ/
–adjective
1. having or showing a merry, lively mood: gay spirits; gay music.
2. bright or showy: gay colors; gay ornaments.
3. given to or abounding in social or other pleasures: a gay social season.
4. licentious; dissipated; wanton: The baron is a gay old rogue with an eye for the ladies.
5. of, indicating, or supporting homoloveual interests or issues: a gay organization.
–noun 6. a homoloveual person, esp. a male.
–adverb 7. in a gay manner.
This is from straight from the dictionary. In here, I see no inclination that is something bad. In fact, all I see are good and neutral things.
The use of gay as an insult came from family values. I really don't care much if someone doesn't like me, unless I already like them, so family values doesn't affect me as much. But using a word improperly just gets under my skin like few other things.
See? Silly Ephi.