Not offensive.
Not hilarious either.
There's a shoe menders near where I work run by a Greek fella. It's called Achilles Heel. Now that I find funny.
And years ago, I used to work near a hairdressers called Sit Down and Shut Up. Used to make me laugh every time I walked by.
This pun just seems a little...meh.
Tell you something that IS a little disconcerting though...it's the claim that the gay community like to 'camp it up'.
That's not wholly true...in the same way that some men are overtly blokey (Danny Dyer, Jason Statham, Ross Kemp, Jeremy Clarkson et al), some gay men are overtly camp...but that is just one demographic of gay men.
There is a world of difference between the men who go clubbing in Canal Street and those who go to clubs like Bar Code, The Hoist and Fist.
But then, you would never see these blokes on telly, because they're not funny or witty. They're just...average.