I don't even know where to begin explaining the wrongheadedness of this argument. For starters, you are being childish. Referring to GameLoft as Gayloft simply because you are dissatisfied with their products is silly. Grow up.
More importantly, you are using the word to mean something negative. While you may not be referring to homosexuality, you are still saying that gay = bad. Have you been keeping up with world news lately? People are being marginalized, ostracized, imprisoned and even killed for their sexual preferences. And we're talking first-world countries here, too. It's insane. Maybe it would behoove you to think before you speak and not contribute to the problem, regardless of how small your contribution might be.
Someday it could be that using "gay" to mean "bad" will just be a vague reminder that people used to think homosexuality was wrong. We aren't there yet.
(Now then - I know this isn't the place for this, but I had to get it off my chest. Hopefully a mod will be along to clean up this thread and get us back to gaming. Carry on.)