I'm not sure if you're being serious, sarcastic, offensive or all the above.
		
		
	 
Can't I be all three at the same time?
Look, anybody with any maturity knows better than to get all riled up if somebody else denigrates their ethnic group, religion, sexual orientation, or whatever. What good does it do you? 
If an offensive phrase is uttered by someone who doesn't know that it's offensive, you politely correct them and change the subject. If it's a taunt thrown at you by a bigot, you beat him up or run the other way, depending on how big he is. There's not much you can do to change his mind, if he even has one.
But to spend any undue part of your life with a chip on your shoulder waiting for the next insult seems like a big waste of time to me.
Obviously any term that singles you out by your race is racist, whether it's insulting or complimentary, because what it's really saying is "you're different from me, and I just want to make sure you realize it." 
So if somebody says, "my, there certainly are a lot of talented Korean violinists", that's just as racist as saying "you have slanty eyes." Right?
So the best policy for all us fags, dikes, chavs, spics, niggers, wops, white trash, chinks, micks, kikes, polacks, gringos, honkies and goys is to just get over it, laugh it off, and move on to something more important.