Most people think of gimp suit.
It's a stupid name and was stupid even before the sex reference thing became popular.
The definition of gimp as disabled is older than the package.
The OED (Pocket 4th Edition 1942) has that it's a silk covered - wire core composite, or a fishing line using silk bound with wire or a coarse thread in lace making.
I'm not against acronyms, but: (1) They WILL get pronounced, (2) Do look up the word in decent British and American dictionaries as well as online.