What are the limitations of "No Homo"?

TwoToTooTutu2
So we (2 dudes who are not gay) got a cookie at chili's. They didn't give us plates so we said "No Homo and shared. Were our actions homo?
What are the limitations of
Yes, despite saying "No Homo", your actions were still homo.
Vote A
No, saying "No Homo" expelled the Gay
Vote B
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GirlGuy
What are the limitations of "No Homo"?
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