It is every bit as much of a joke - or not - as "libtard."
Are those the kinds of jokes you see your puffed up defensive lefties getting upset about?
...yep, It's a lot more funny when you're making fun of the OTHER guy, huh?
First I have never called anyone a Libtard, I have been tempted at times but never stooped that low, and second I guess you do NOT know what the term Teabagger refers to or you would probably see a difference between the two. Now some of the other things Republicans and/or conservatives have been called rank with Libtard, but I have not seen anything yet that ranks with Teabagger.