The hate seen here turned, as all hate eventually does, violent.
Of course the slogan is both antisemitic and anti-gay, but they didn't make up the chant. It is a popular chant for fans of other European football clubs.
In 2019, a complaint was dismissed when fans of Club Brugge chanted "All Jews are gay" and "Anyone who doesn't jump is a Jew" during a match against rival Anderlecht.
Also in Belgium, many fans will call opposing clubs (such as Ajax) "Jews", and clubs defend their fans on the basis of "freedom of expression."
Here is a Photoshopped poster of player Steven Berghuis, made by the fans of Feyenoord after his trade to the 'Jews' of arch-rival Ajax - complete with Nazi yellow star.
In this case, the Arab supporters of Morocco are not doing anything worse than "normal" football fans do: calling their opponents the worst possible insult, which in this and other cases, is "Jew."