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1.
Another name for the penis. Made famous by the late Peter Cook's 'Here Comes the Judge' speech.

Also a name given to the public houses and bars frequented by gay clientele.
Horace said to Walter, 'I would like to suck on your pink oboe'.

Walter suggested they both go to the pink oboe for a Campari and soda.
by Clinton Sounds February 01, 2004
 
2.
One of the primary instruments of the Gay Symphony Orchestra.
"Did you see Nobles cheeks puffing on that pink oboe?"
by Wheeeeyyyyyy September 29, 2011
 
3.
Your pink instrument, your purple headed warrior, it stands to attention when played.
"I'm going to play my pink oboe"
by Dirty Sanchez November 14, 2003