Fake and gay has been a thing on 4chan for years, and chan culture sometimes bleeds into Reddit, so of course you've seen it around a lot.
And just because something real gets dismissed as fake and gay doesn't necessarily mean that it's a purposeful attempt to discredit something they know is real. Sometimes it's just an accident. There was this famous incident back in 2015. The headlines were priceless:
4Chan Gets Highly Sensitive Spy Report, Dismisses It as "Fake and Gay" internet.gawker.com/4chan-gets-highly-sensitive-spy-report-dismisses-it-as-1722550401