Nah I don't think so. I think it was more a slam against the generic hillbilly white trash who hates gay people. All the slanders against gay people were coming from the mouths of characters who were unquestionably dumb and unintelligent.

No. This was a slam against 'Merica!!! 'Merica was and always has been anti gay. Those who see this as satire understand that any intelligent person has a level of acceptance and sympathy. However the 'Merica that this satire thinks our culture is moving towards is absolutely and utterly anti-gay. That's why when I first saw this movie I wanted to find it funny. However, it made me really sad because I could see it portraying an all too true direction our society was heading.
"No talking from things that don't talk!" - Jaye Tyler

If anything, I think straight guys were more ridiculed, by being constantly shown as equating smart to gay, and gay to bad.
WELCOME TO THE REAL WORLD, JACKASS!
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So there's no racism? It's just liberals losing arguments?

A very intelligent response, Mr. Ed. It's sort of like the race card. When the Libs can't refute your argument they just call you a racist.
Schrodinger's cat walks into a bar, and / or doesn't.

Using this put-down has been around for DECADES. It's what dumb school kids call things they don't like. It really has a lot more to do with not fitting in (smart, well-spoken, not too into sports) then anything else.
So.relax. The moment you think something is anti-anything, it probably isn't.

Lots of things were ridiculed.
Choocheechoo choocheechoo choocheechoo ya ya pow!