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1.
There are two types of rainbows. There is the nice one that you see in the sky that kids still think that there is a fucking leprechaun at the end of it with a pot of gold and then there is the fagbow where gay people believe that there is an oiled up brazilian man with a 15 inch dick
Franklin: Oh my gaush a fagbow I hope Ramone will be there today with his giant hose
by The Chocolate Leopard April 10, 2010
27 10
 
2.
The Rainbow that is displayed on a vehicle and used to identify a person of homosexuality . The fagbow is a derivative of Fagot and Rainbow .

Note : Any rainbow with a BROWN stripe in it is considered to be a fagbow.
Hey look a fagbow.
by Lou Hng Wang Dude June 14, 2009
2 2