Calling all 60-2 Valiant and Lancer owners, info needed

Okay I have to ask this now, for etiquette sake. Is the term "Toad" in fact derogatory? I've always called them that and I thought that was sort of a term of endearment.
I have seen some Toad guys be offended by the term.. I personally do not mind the term. I love their uniqueness, I heard if you kiss it , it will turn into a '68 hemi charger RT ( 4 speed, B5 with SE option!?)