Pundits say that this element may have morphed from a related element meaning「two crossed sticks, weaving together, heads in frottage」as in a heated rivalry, or as「weaving and whacking」(爻) depicting someone who thinks about petting or whacking sticks all the time, or, just does it. Elements today of「sliding, head」in「soil, ground.」…bending over, to pick up sticks? more than likely,「head sliding in feces.」
Bundle of wood sticks, as in FAGOT (FAGGOT), literally meaning,「flaming sticks, flashing firebrands, sticks with glowing red embers at one end.」Slang English term for a cigarette as a FAG for this reason.
As a euphemism for HOMOSEXUALITY,「heads buried in night soil」and「burning crossed sticks」as the source in English also for the derogatory term「fagot (faggot)」as applied to a homosexual male. Note that the Chinese sages were under no requirements to remain politically correct at any time when designing glyphs, and that homosexuality in dynastic China was considered to be acceptable behavior, just as it is more and more so in the modern world:「head sliding in feces.」…anyone's feces. DebunKanji does not state a moral opinion regarding the use of the term FAGOT (FAGGOT) to describe HOMOSEXUAL MALES, but is simply explaining how and why the use of the term originated, and the glyphs behind that usage.
Without speculating, it is unclear how elderly gentlemen relate directly to fagot (faggot) as bundles of flaming sticks or to homosexual males, but apparently this element also represents an OLD MAN, such as one who is bent far over holding a walking stick or may soon「slide into the ground」upon his death. Nevertheless, if 人 represents a person, and 土 represents the ground and soil, then 耂 could be interpreted as someone with the end of a leg in the soil, or in English, 'one foot in the grave.' Needless to point out are these elements as「screwing with hand」as the last resort of most OLD MEN. See「lifelong experience」: 寿 and much whacking 爻, perhaps「head sliding with his own feces」as dementia takes control of his grey matter.