I actually downloaded this last night. It's not particularly racist or homophobic, but I still wouldn't recommend it to anyone, anyone barring gay black guys in need of support that is. 'Gayniggers' was a project of the GNAA
(Gay Niggers Association of America), probably some sort of publicity thing they created for the purpose of drawing attention to their organisation. Its actors are untrained, and evidently so too are the writers, the director and probably everyone else involved in the film. A gay slant on blaxploitation movies probably has the potential to be funny (if somewhat low brow), but evidently the nuances of subtlety required for such a project are beyond this crew.
Now delete away!