We had a good discussion at Redemption about Why Do Lesbians and Straight Men like M/M. My own feeling is that there is no single reason for people's enjoyment of slash, and certainly your own viewpoint on enjoying slash differs from mine.

What I did mention at the discussion was that lesbians and straight men into m/m let us dispose with several arguments *as universal explanations* (not necessarily as personal explanations, or as explanations applicable to many.) The 'one man is hot, two are hotter' and 'it's all about The Other' theories cannot apply to lesbian/straight male slashers as they do to heterosexual females. One may say that these (or rather we!) are not the majority of slashers and therefore don't count, but non-female, non-heterosexual slashers do allow others to question what may seem 'natural' assumptions about their enjoyment of slash.

I have never felt that my enjoyment of slash had anything to do with sexual desire for men. I also tend to oppose the 'it's sexy' argument, as through many years of my enjoyment of slash I didn't read a single fic I found 'sexy' :) Others differ in their enjoyment of slash, but there are many to whom the obvious (to female people attracted to men) explanations do not apply. :)