The first time someone called me a "kike" I thought they called me a "kite". So I found the scene in "Porky's" where the ignorant ex-con's kid calls the NY Jew a "kite" very funny.
I never was offended by the term. I don't really understand what it means and why it's actually bad.
Back when eastern European Jews were emigrating to Ellis island, they signed the immigration document with a big O in order to comply with the Talmudic prohibition against signing away their rights.
This led to people referring to them as Kikes.