From the Youtube blog post:

"To be clear, using racial, homophobic, or sexist epithets on their own would not necessarily violate either of these policies. For example, as noted above, lewd or offensive language is often used in songs and comedic routines. It's when the primary purpose of the video is hate or harassment. And when videos violate these policies, we remove them."

I don't see how Google/Youtube can view Crowders videos as non-harassment, non-hate speech and still keep a straight face with their pride month campaign. You can't support homophobic creators and claim to be supportive to LGBTI issues at the same time.