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1.
1.) A person that has had multiple sexual partners. A description usually given to women.

Someone IS a wienerbucket. The bucket represents the vagina. Multiple penises have been inside the vagina. Thus, making the vagina seem like a bucket that "wieners" have been placed in.

This does not include multiple penises being INSIDE the vagina at the same time. Only past and current partners.
Jimmy: Dude, that Samantha girl in our math class is hot! I'm gonna go after that.

Hank: Go ahead. That girl's a total wienerbucket.

Jimmy: Nevermind. Your sister is much more appealing anyways.
by dopedruzzi September 01, 2011
 
2.
Anything considered particularly gay. It can also be used for anything that its generally disliked.
Louis Rincavage? Yeah, he's a wiener bucket.
by dolphinolympics May 06, 2010