I don't think that's a good idea at all, but what you made of it is... quite strange.
i'm out of control, i assume i've lost contact with cosmos and smaller things because of testing cocktails.
becomes to:
i'm out of ***trol, i ***ume i've lost ***tact with co**os and **aller things because of ****ing ****tails.
i have no idea in which language test, sm and con are bad words... but at least, don't censor them in bigger words. and better check the bad word list too. test, really?