Thirty-three drag queens were evicted from their apartments in the Tenderloin area of San Francisco, triggering protests from TVs and TSs who live in that area. The mid-day demonstration protested police harassment and housing discrimination against the drag community.
The term is obviously being used as an umbrella term inclusive of “TVs and TSs.”
I had first heard this term used by a cisgender women who had a long history of working with the incarcerated trans community. She claims to have heard this term in that setting and she said that the term wasn’t used as a slur. This lead to the following FaceBook discussion: