Don't think of it as a tiny cable, think of it as a gender bender. You can put on the end of some female cable.
You're more likely to see dongles like this at fixed installations. Like somebody puts a USB port into a wall, like a speaker's podium, or a presentation stand. So one side is fixed, depending on what you want to hook up to it, you might need to have a gender bender.
USB is bi-directional. So it really doesn't care about the plug gender. Some other protocols are directional, then the plug gender is very important, so adapters for directional protocols tend to be more expensive, it may even require external power.
Once USB on the go was invented it cease to matter at all.
As long as the double ended dildo provided low impedance electrical through ways, and distinct electrical paths for at least four conduits, with minimal capacitive cross talk... then yes
I like you and your style. Do not let a stupid dirty joke get in the way of proper electrical and data connections. It tells me where your priorities are and I respect that.