the Arabic names for the different components of LGBT all start with the letter م meem, the M sound.
lesbian = مثليات mithlayat
gay = مثليون mithlyeen
bisexual = مزدوجي الميول muzdawjay al-muyul
transgender = متحولون/ متحولات الجنس mutahawaleen / mutahawilat al-jins
so the acronym would actually just be مممم MMMM lol. instead, it's the meme society, which is, I think, extremely very good.
@nasser is there a word for “queer”?