I've not heard that one. Rival fans did though come up with a chant: 'The mother is a stealer, The father is a dealer, The son's a racist cheater, The Terry family.'
When I worked in PR, cheating footballers and their sex drives were often the topic of conversation. Some clubs had to pay huge sums for damage limitation, and hire folk to 'reeducate' players of their responsibilities in the public eye.
To this day my favourite story was when Bryan Robson's wife did a bit of digging and worked out he was having an affair with Clare Tomlinson (Sky Sports News presenter). She caught them in bed at a hotel and attacked them with Clare's crutch (she was sporting an injury at the time). It was something out of a soap drama.