(a) What sexism are you seeing? Is Money for Nothing really homophobia to you?

    That little faggot with the earring and the make-up
    Yeah, buddy, that's his own hair
    That little faggot got his own jet airplane
    That little faggot he's a millionaire

(b) The point is to attack the idea of "mansplaining". Yes, naming something is generally a prerequisite to insulting it.