It's the ones you don't know about that pick the locks.

This is the stance that I take, but I'm quite aware it could backfire. A number of interested parties outside of friends and family (law enforcement, future employers, future lenders or insurance companies) do look at your profile. These people will often not give you a chance to explain your position.

I'm perfectly okay with everyone knowing everything about me (unless they're going to use it for something illegal), I just don't want people to misinterpret things. But, without a lengthly explanation which addresses everyone's relevant (and unexpressed) concerns, there's no way to explain that photo of you in drag dancing on a table with a red cup in your hand.

I don't like censoring things, but I don't trust people to be reasonable in their expectations even more.