(click image to make larger)
Passed along by Sherrine (thanks!) - I can't believe it's taken me this long to post.
NoHomophobes is a site that tracks homophobic language by Twitter users in real time. It's displays the word frequencies as well as the actual tweets. The tweets move so quickly (i.e., there are so many of them) that it's impossible to read them before they are replaced by new ones (the site displays 10 at a time). Here's a completely random sample (click to make larger):
Watch the feed here. It's depressing.