I don't think this is quite meant to be an insult to those who do have nipple piercings, more an "eep! Leave my nipples alone!" statement. But I could be wrong, that's just my interpretation.
I'm still not keen on nipple oriented shirts, I'm afraid. I'd feel very uncomfortable wearing one.
Why would you have bandaids on your nipples to keep them from being pierced? I'd think you'd use bandaids (which are relatively poor barricades in their own right) on already PIERCED nipples, to help them heal and whatnot. Bandaids are forinjuries, and steel-free boobies are HARDLY injured. Maybe chains or locks or ANYTHING else would be more appropriate. :\
It looks like someones had nipple piercings but they got infected or something and now he's only got bandaids on the wounds, no piercings. Weird design, no logic.
And woofles; you shouldn't use bandaids on healing piercings or you might end up with no piercings....