There might be a few minor changes, but the major players were always identifiable, reenacting a 1980s morality play about dismissing the homoerotic other.
They punish him by smearing Ben Gay on his dong -- but of course, to do that they have to touch his dong.
One Crazy Summer (1986) is a rare example of a positive gay-coded character. Visiting Nantucket for the summer, Hoops (John Cusack) meets Ack Ack (Curtis Armstrong), a sensitive, poetic, nonviolent boy who can't abide the militaristic career his father and brothers have planned for him. They become friends, but not best friends; instead, they form a buddy quartet with twin brothers, Egg (Bobcat Goldthwait) and Clay (gay actor Tom Villard).
See also: 12 Forgotten Beefcake Boys of the 1980s