[ickoonite]

Yes, this is quite common in subtitles. I seem to remember that in GoldenEye, Xenia Onatopp was subtitled 女上, glossed with furigana オナトップ。

(I will try to dig out a relevant song lyric.)

[barking_biscuit]

>Xenia Onatopp was subtitled 女上, glossed with furigana オナトップ

That's hilarious.