'Dire' need of acceptance

I was driving to work today, listening to 94.7 which plays grrrrrrreat artists, such as Prince, James Taylor, Cat Stevens, Joni Mitchell and the like. You know, stuff your parents listened to. ; )
Dire Strait's "Money for nothing" came on and I smiled when I remembered the campy feel of the 2D video and how MTV actually used to play music videos. But then I heard the following lyrics:

"See the little f****t with the earring and the makeup/Yeah buddy, that's his own hair/That little f****t got his own jet airplane/That little f****t, he's a millionaire"

But the station bleeped out the f****t parts, so no f-word, which=good. I didn't know stations did that for that particular f-word, but I also don't know any other songs that "feature" it either. Huh.