After a Spring wedding with Ashlee Simpson and a baby on the way, you'd think Pete Wentz would stop calling himself a “fag.” Yet, once again, on the cover of Out Magazine, the twenty-nine-year old punk rocker is doing just that.

Maybe it's not what Wentz intended, to grace the cover of Out Magazine with the headline, “Yeah, I am a fag.” But there it is on newstands across the country.

In an exclusive Out interview, the Fall Out Boy front man says, “Our culture bombards us with this idea that you're not that, and if you are that, there's something wrong with you, and then we're going to call you that, and then it's an insult,” he says. “There is a sense of self-empowerment or recapturing who you are by people calling you 'fag', and being like, 'Yeah, I am a fag.' Even though you're not. What does somebody respond? That dude has nothing to say about that again.”

Then adds, “Am I going to catch flak for saying 'fag' in a magazine?”

Pete Wentz also talks about making out with boys. “When I said that I make out with dudes, there was a slight sense of sexual rebellion in that. And I probably even made it a bigger deal than it was.”

While he admits to having a crush on fellow musician John Mayer, Wentz says he stops short at the waist line with men. “I really don't think it's an attractive quality,” he says, gesturing at his crotch. “That's what it comes down to. I don't even like my own. Like, I really don't like it. I don't like anything about it.”

Wentz seems to be interested in breaking-down the stereotypes that result in homophobia. “Homophobia is the last acceptable hatred,” he's often said. “People treat sexuality the same way that [during] Jim Crow [white] people treated African-Americans. It's totally dehumanized.”

And offers a big endorsement to gay marriage: “The actual acceptance of gay marriage in inevitable. It's just like how the next generation of kids are going to all have tattoos.”