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Rainbow Dick 

Liz: "Hey rainbow dick, answer me!"
Rainbow Dick by rainbow dick May 10, 2011

Rainbow Dick 

When a long penis is curved in a boomerrang shaped fashion.
"Wow, you have the nicest rainbow dick i have ever seen. Is there gold on the other side?
Rainbow Dick by Kelley September 10, 2003

unicorn rainbow dick

person 1:wow did you see that giant unicorn rainbow dick.

person 2: yeah it was fucking huge
unicorn rainbow dick by DLAB09 August 20, 2011

a rainbow shot out of my dick 

“A rainbow shot out of my dick” is ASAP Rocky’s description of using hallucinogenic drugs that kicked in while he was having sex.
“No lie, a rainbow shot out of my dick. It had a sound with it like a piano. I have no idea why there was a rainbow coming out of my penis.”

ASAP Rocky on using L.S.D. for the first time will having sex.

Gayer than a bag full of rainbow colored rubber dicks

Used to describe something or someone that is very gay.
Look at Justin's shirt. That thing is gayer than a bag full of rainbow colored rubber dicks.