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You get Red Lube when you don't have any lube but you stick it in anyway and fuck your mate so hard that your mate starts to bleed, giving you Red Lube.
Man:"Hey you got any lube?"
Woman:"No, we dont even have a condom!"
Man:"Okay, I guess we'll have to make some Red Lube."
Woman:"What?! GTFO."
by The Abortionist July 12, 2011