There is only one type of presentation that offends my sensibilities: the representation of woman as purely a sexual object. By this, I mean the CDers who sexualize the CDing in public. You know the type: short, short skirts, stilettos, fish nets, plunging necklines. Not in private, mind you, this is fair game.
That said, I am not offended by models/actresses who show up on the red carpet showing off their curves, or women who go out clubbing this way. There is a time and place for everything, and they know how to do this. Also, if a woman chooses to source herself from her sexuality (providing she can pull it off), if she feels this is the only way she can get ahead in this world, then it is her decision to do so, even though I choose to not live my life this way.
But when a man adorns himself in such a way, it brings in an entirely different layer and this is his own objectification of women, which I find creepy somehow. I imagine any GG being in a relationship with someone like this, and in the bedroom she would be a mere accessory to his fetish. I do not enjoy being objectified by men.
I have no issues with CDers who dress appropriately for the various social situations (and if it means dressing in a sexy manner in a nightclub, then fine as long as they know how to do it) or androgynes/goths/insert-other-genres-here who choose to be creative with their presentation.
Double standard? Maybe. :p
If I see a guy such as the one you describe: the hairy guy with a beard in the yellow ball gown (the subtype is called "gender-f*ck" you can find it in the gender section of wikipedia), I'm not offended. I don't think he's mocking women either. I rather wonder why he would choose to put himself on display like this, since his presentation is bound to ostracize him in our society. Just like someone who would choose to walk around with green face paint with horns and a tail, or any other look that would be just as far off the scale. I would see him as someone who doesn't care to live in society the way that I do, and form relationships with people. A loner. I wouldn't write him off though. I'd engage in a conversation with him and then see, but if he has such a "f*ck it" attitude, then it would be bound to show up in other areas as well.
I'm not at all offended by presentations such as Jive-Turkey-On-Rye (did you have to pick such a long name? lol). Jive pulls it off very well!Also, age and body type play an important role in determining whether someone can pull off a certain look or not, don't you think?
This answer ended up being much longer than I had originally intended, once I started typing. lol