PROPOSAL: To outline a clear set of directions for the really creative trolls.
This could be just the first in a whole series of basilisks! The written equivalent of Goatse! And its successors!
I can't see what could possibly go wrong with this idea.
It might mollify people who disagree with the current implicit policy, and make discussion about the policy easier. Here's one option:
One requirement would be that the policy be no more and no less vague than needed for safety.
Discuss.