Hey, Honky! Discriminate Much?

As a white male I have been considering reclaiming and reframing 'honky' much as the dread n-word has been revived among the hip-hop community. I for one would be very happy, and quite amused, to see two white folk greet each other with a hardy, "Hey, Honky" or "How's it, my Honky". Of course, we would also be frightfully offended and indignant if any non-whitey* used this term to define us, naturally.

*I for one can't see anything too offensive about the term 'Whitey'. It is an only mildly diminutive version of 'whites'. It's absolutely harmless, outside the obvious division of people by superficial and genetic features. Which really should be no more offensive than any other external physical definitions; 'brunette', 'tall' and 'cute', for example.

Though, now that I am considering it, many people ARE very offended by the diminutive labelling of their physical attributes, as in 'shorty', 'blondy' or 'baldy'. But many people would be just as offended by being described as 'fat', 'short' or 'hairy', no matter how accurate the description may be.
I feel that far too many of us live in denial of our natures. I am white (okay, pinkish), I am a bit over-weight, and I am balding. Is it really rude for anyone to mention these 'facts', any more than it should be to say someone is tall, fit and handsome, assuming they are, of course?

The problem isn't that we describe things as they appear but that we might judge the value of things based on how they appear. But even that is inevitable to some degree. Are we prejudiced if we reject a banana because it is brown, or a sweater because it is too small or a steak because it smells funky? Isn't it wrong and discriminatory, to have any preferences at all? Where do you draw the line? Is it okay to like wine and not beer, but prejudice to prefer blondes? Is it okay to like physical, athletic people but discrimination to like, say, Asian girls? Is it reasonable to want to live in a community that shares your faith and values but wrong to distrust those who don't?

I do, however, find the terms 'The Man' to be pretty offensive when it is used as a generic description of white people, but that's because I am a poor white graphic designer who owns no property or stocks. Dick Cheney is 'The Man'. Bill Gates is 'The Man'. Hell, your landlord can be 'The Man'. To be 'The Man' you need at least a little bit of economic or social power. To me, from where I'm sitting, Barack Obama is totally 'The Man' - but he isn't half 'The Man' Hillary is.