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Now that I'm thinking about it, it boils down to a few options.
1) Japanese Dolls. Male Japanese dolls look like yaoi queers. They are the 'gay'est action figures you can find. But, they are too expensive for your run of the mill gaybashing. They typically run $100+
2) Ken. He's a fagot. Everyone knows it. Pretty much all of the 1/6th scale (12''/barbie) male dolls look very pretty and preppy. So if you want a tea totaling panzy boy, that's the best place to start looking.
and finally [not trolling, I swear]
3) GI Joe. Lets face it, there are a -lot- of queer joes. If you want pink halfshirts (Zartan), or randy sailors (Shipwreck) or bald leathermen (destro, dr mindbender) GI joe has it. So if you want more of that working class/sweaty/man'sman type of gay, GI joe might be your only option.