Some things are gay.

It's not the word.

It's how the word is used.

When it's used derogatorily, that's really not ok, but you're free to be a dick if you want and I'll fight for your right to be a dick.

It's your choice though whether or not you want to be a dick.

If you want to use the word in a neutral, denotational manner, have at it. I certainly don't mind. I used the word when it's appropriate to do so.