Common meaning:

A hostility of some people toward those who are homosexuals.

Hidden meaning of the Equity religion: 

A systemic hate harboured by all heterosexuals against all homosexuals.

Discussion:

The Equityists believe that all heterosexual people harbour systemic hate toward people who are homosexuals.

Like many words in Equity, the term homophobia is really all about oppression. The oppressor group is heterosexuals and the oppressed group is homosexuals. All heterosexuals, even if they don’t know it, have a systemic hatred toward all homosexuals, which is termed homophobia. 

Some people may argue that the term homophobic is only applied to particular people not to the entire group of heterosexual people, but the Equity religion disagrees, and just like all other oppressions, the entire group of heterosexual people is guilty.

The solution to fix the problem of all heterosexuals having homophobia is also the same as it is for every other oppressor group. To remove the oppression, all the heterosexuals need to be eliminated.

The fact that trying to attempt the removal of all heterosexuals is unreasonable doesn’t matter. This is a religion where things are evaluated by faith, not facts.