From Chris Kelly:

The Gay & Lesbian Alliance Against Defamation (GLAAD) is effectively rejecting what they call Chris Jericho's "insincere and worn" apology for using anti-gay and racist slurs at a recent event

GLAAD president Jarrett Barrios issued the following statement to TMZ.com this afternon:

"Just three months ago Chris Jericho's boss and WWE Chairman Vince McMahon acknowledged to GLAAD that words matter.

There is no time, context or occasion in which it is acceptable to utter racist and anti-gay slurs. Jericho's hollow apology 'if (he) offended anyone' is a template used by many and is insincere and worn."