No see, you and all your friends wear a different color, and when you stick your hands together and proclaim your orientation, gay Captain Planet comes out
I get his point though - just wearing one of them really has no LGBT affiliation: it just looks like a monochromatic watch. Maybe it's that subversion that Malaysia is afraid of.
Apparently, there should have only been 6 colours in the rainbow in the first place. Newton allegedly added indigo because he believed that there should be 7 for occult reasons.