Yeah, I've heard most of those reasons many times before... And I meant the question as rhetorical. The Golden shower thing reminds me of people who consider changing their name because it elicits bad nicknames. With someone's name, just like TU's name, I say get over it. Every name can be made fun of in some way. Oh my god... somebody called us the golden shower, what ever shall we do? Changing the name simply changes how they make fun of it. As for the gold, that's probably why our color are generally used as such, Blue: Primary Gold: Secondary White and Red: Accents
When I was in school, our local protest groups could be found en mass at the Westby Center, in hippy dreads and such. A few of them were my friends. I'm sure one of them would have made similar arguments as your McFarlin guy/girl. I'm also pretty sure there are many old and new compatriots to their causes on campus now.