That is what is so great about the 70's. Even the bad stuff had certain aspects to make it appealing in a campy sorta way, unlike today for the most part. It was a great decade to be alive and I wish I could have experienced it firsthand.
Maybe if someone is referring to something modern as "camp". When I hear the word, I think fun, quirky, and over the top which mostly refers to cult culture of the 70's and early 80's. Good cheese, in my opinion. Ever seen "Phantom Of The Paradise" or "Humanoids From The Deep". Those are examples of fairly good campy films.
Many like to compare "Phantom Of The Paradise" to the "Rocky Horror Picture Show" and I can understand that. There are many similarities but I feel that "Phantom" is just as good if not better. Truth be told, Richard O'Brien probably got his inspiration for the film by watching "Phantom" and "Beyond The Valley Of The Dolls".
I think people who are way too uptight and take themselves too seriously may think of "Camp" as having a negative connotation. Perhaps because they don't have a sense of humor and can't see the little things that make such art appealing. I think it can be positive as well, Prydonian.