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Definitions by TinyBabyBear

Limp Unicorn 

A euphemism for dickhead. This is based on the image of a unicorn with a droopy horn being akin to a penis on a head.

More appropriate for situations such as the workplace, where more overt swearing is difficult.
Lauren wouldn't let me borrow her pen today - she's been a real limp unicorn recently
Limp Unicorn by TinyBabyBear October 27, 2011