Gypsy as a derogatory term

[poetinmyheart]

So, I just thought I'd raise this issue here - am very interested to hear your opinions.

Over the past day or so there has been some serious tensions on tumblr. Some FM fans have been called out by other tumblr users (1 or 2 in particular) for posting the lyrics to Gypsy. They have been called racist as the term gypsy is a slur? Now, I understand in certain contexts the word gypsy could be used in a derogatory way, however being called a racist for posting the lyrics and the video I think is ridiculous. I would post the links to a particular tumblr page where there are extremely angry and venomous rants about how a group of teens/twenty somethings are racists for posting about the song, but not sure if I'm allowed.

Anyway, what are your thoughts and has this issue ever been raised before?