Is VGA port hot-pluggable?

Problem

In meetings, I often see people detaching the VGA connector from one running laptop and connecting it to another, while the projector is still on. Is this 100% risk free, and OK by design of the VGA standard? If there's a risk involved in hot-plugging VGA, can it be removed by turning off or suspending either laptop, display, or both? I see this being done all the time without causing disaster, so clearly I'm not interested in answers stating "we do it all the time, so it should be OK!". I want to know if there's a risk - real or in theory - that something breaks when doing this. EDIT: I did an internet search on the topic, and I never found a clear statement as to why it is safe or unsafe to hot swap VGA devices. The typical form is a forum question asking basically the same question as I did, and the following types of statements Yes it's hot swappable! I do it all the time! It involves some kind of risk, so don't do it! You're some kind of moron if you think there's a risk, so just…