Top Definition
A bracelet making kit. Easy for kids, painful for adults
Jill: do u have rainbow loom?
Julie: yea, I love it
by Happy love hit February 27, 2014
The act of two gays doing the 69 position.
Paul: Hey bro! Want to Rainbow Loom?

John: Yeah dude. I'm in the mood for some pride!
via giphy
by Jigglejiggleroc April 29, 2016
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