I believe a new generation of the fraternity are re-posssing the Q

FWIW The word Gay has been in and out of many meanings for centuries. It was applied to heterosexually profligate in one era, as was brisk, as in "brisk young widow".

Bad meanings drive out good. But then fall into disuse. It is the nature of all languages. Including to a far lesser degree - Latin. (Dead but won't lie down).