It's the new chickenhawk, gramps. It's a combination of chickensh!t and warhawk.

It's meant to say someone is too big a chickensh!t to go to war himself, but he's war-hawk enough to send your kid.

The homosexual reference is SO 1960's. ;\)
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She was standin' alone over by the juke box, like she'd something to sell.
I said "baby, what's the goin' price?" She told me to go to hell.

Bon Scott - Shot Down in Flames