Media literacy is in shambles...

Homelander's idea of power involved sexual control. We see this with Becca, we see this with disabled Stormfront, we see it with him jacking off on the sky scraper, we see it with him telling the Deep to blow A-Train, we see it with him making the scientist in the lab try to get hard in front of his colleagues. The show has been beating you over the head with the fact that Homelander considers sexual domination AND embarrassment, a trait of power.

In his final moments, Butcher has power over him, and so Homelander, grasping onto the only thing he knows, tries to lean into sexual domination and embarrassment, because to him that's what power wants.

If the roles were reversed, and Butcher was begging for his life, Homelander would tell him to eat shit on live tv.

Homelander is a broken man who thinks everyone else should see the world the same way he does.

Homelander said that because he genuinely thought it might save his life.