Get this, There is a SECRET LANGUAGE of TEENS! No wonder parents can't communicate! So the guest described to the world completely esoteric terms such as "Rainbow party" and "hoovering".
Since then, the term 'rainbow party' has been overly-used, and has even earned an episode of HUFF, in which a teenage boy goes to a 'rainbow party' and his parents later find lipstick on his underwear.
Guest: Oh no no no! Don't let those dirty slutty teens fool you.
Oprah: Oh, I won't!!
Guest: See, a rainbow party is... get this... a party that only about a couple of people actually do in the real world, but we decided to tell everybody cause YOU COULD BE NEXT!
"What's a rainbow party?"
Well, Chrissy, if Sarah wore red lipstick, and I wore purple, your dick would be purple and red."
"Oh. Oh God."
guy 2: "Hey man, do you know where the girl wiht the red lipstick is? she'll complete my rainbow"
guy 1: "Yea that smut is over there blowing some other guy."