No biggie. My DH's is FAG. To this day he has no clue what his parents were or were not thinking. Poor boy.
Oh man! I'll add that to my list of no-no initials for when people ask about these. I usually say as long as it's not A.S.S or F.U.K. but F.A.G is pretty bad.
OP: No biggie. I like it actually.