It has since been lowered to a cheap insult men use as a way to demean and de-power women.
If women were smart, we'd stop letting men use words like cunt, bitch and slut to degrade us and we would take back the power of the female.
It has almost replaced the word 'mate', often used in Australia to refer to people in a conversation when they can't be bothered trying to remember your name.
American feminist: I find that insulting
Sick Aussie Cunt: Piss off
Sick Aussie Cunt 1: Sup cunt?
Sick Aussie Cunt 2: Nothing much, cunt.