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1. A rare breed of unicorn which prances around on a rainbow, jumping from one color to another. Usually accompanied by balmy weather and a sparkling sky. It signifies happiness, tranquility and high flying times.
Boy A : Hey, look at that Sheranka in the sky! I am so going out for a picnic with my friends today.

Boy B : Yes, i love Sherankas. Wish we had more of them.
by watchtheclock August 03, 2012
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