Although it belonged to a particular pocket of the internet, it remains the example par excellence of a larger trend: homophobic jokes aren't regressive instead, they're actually really really funny. But, for many people, it was funny precisely because it was despicable.
A 2018 article in Them argued on the contrary, with the headline 'Painting Millie Bobby Brown as a Homophobe Isn't Funny - It's Despicable'. That's not to say everyone agrees it's in good humour.
When it comes to the creation of these homophobic memes, no one is putting in the work like gay men themselves.