Does the word "Cute" have a bad rap?

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I hear all the time that many girls get offended when they're complimented as being "cute" but I never am. I think it's because I can see how it works with pretty and beautiful to make someone who's also entertaining, maybe funny or fun to be around... who has a little something extra that translates in their looks too. A lot of the women I look at in the media that I "want to be like" I would say are also cute. So, is this something women are too sensitive about? Do guys really mean something besides what women THINK they mean, or is it really a euphemism for "I like how you look, but only AFTER I got to know you..."?