You're right. It's really lazy to use the term at this point as there isn't a shared meaning assigned to it. It's mostly used as a pejorative by the right at this point, but it's original meaning was very different and indicated a positive attribute. Whenever I'm in a conversation with someone who uses the word, I stop them and ask them to define what they're talking about. Usually they end up with something vague that boils down to "stuff I don't like".