Top Definition
A Rainbow-Shitting Unicorn, is the gay equivalent of a Panther.
A Rainbow-Shitting Unicorn is when a younger male, chases older men.
Guy 1: "You know I'm 25 right...?"

Guy 2: "Just because I'm 15 doesn't mean anything, I'm a Rainbow-Shitting Unicorn."
by KickAssKyle January 06, 2011

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