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1.
A combination of the words unicorn and cunt.

A word used to describe a bitchy unicorn.
Dude 1: Wow man my girlfriend is such a bitch. She didn't like my haircut so she dumped me and broke all the CDs I loaned her.

Dude 2: Well at least she isn't a Unicunt, they'll gore your ass for that type of shit.
by 1stBurtonBro August 14, 2009
 
2.
A word to describe an awesome person who likes dressing as unicorns and who you can call a cunt and you wont get hit.

Normal cunts are just cunts.
'Amy made me cry.'

'What a unicunt.'
by Heezyheez March 23, 2012