Top Definition
The act of riding a psychedelic unicorn through space and time.
"Wolfy looks so far out today, what was wrong with him?"
"Dude he's riding the unicorn so hard right now."
by Chaogina September 04, 2011
1 more definition
It is used when referencing to someone masturbating or when going to masturbate. Usually used between male friends.
Jimmy: Where Joe?

Timmy: He's probably masturbating right about now.

Jimmy: Ahhh, so he's riding the unicorn.
by The Golden Boy :3 March 12, 2011

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