Yeah, pretty much. It ties into the "white genocide" and "great replacement" conspiracy theories, where the mere existence of nonwhites is taken as violence. It also often blames Jews for orchestrating it. It doesn't make any sense, but it appeals to paranoia and supremacy, and provides a scapegoat for literally any actual systemic problem.

Well I just learned the term today, but it seems to have the implication "these are men who could be military. They could be hidden insurgents