This word can also be used when not even a modicum of political correctness is desired in one's speech. It is an expletive to be held in the bottom of one's bag of tricks and used particularly in emergencies. The professional may garnish with the "F word."
Jill: I hope someday all people will be treated equally and will treat others equally, even those of different races, religions, creeds, colors, shapes and sizes.
Jack: That is the most f*cking gaytarded thing I have ever heard.