Renly doesn't really 'get' the smooth thing-he thinks it makes him look like a young boy-but he's willing to do it for Loras. The character has a hairy chest, but the audience never sees it because his lover Ser Loras Tyrell finds him more attractive with a smooth torso.
In an episode of Ashes to Ashes (2008), Alex deduces the gangster they're investigating is into bears, and Ray (a noted homophobe implied to have latent homosexual tendencies) has to flirt with him in order to further the case.