I don't think when he said gay he meant anything bad about actual gay people though....I mean, I've never seen an actual gay watermark...
You know, that would ROCK so much... I'll come up with something like that one day. Still, though, Photoshop might be the option to make a nice watermark that also doesn't ruin the original image. Maybe a translucent white text + shadow thing, going diagonally in one of the important "thirds" of the picture. It's hard to remove, still it doesn't ruin the image by being "in your face, motherfuckers!" like most solid watermarks. That'd be classy.