It's an acronym for Rainbows, Butterflies and Unicorns. It can be used sarcastically or seriously. Sarcastic use includes when a situation or expectations are unrealistic and one has to put on a happy face regardless.
It can also be use ecstatically to describe an especially happy state of being within one's self about something wonderful.
Sarcastic use:
Sue: The boss gave me this 1500 page report to review and edit by the end of the day. That's in 15 minutes. That dipshit thinks it's all RBUs.
RBux is a free robux rewards website, it's kinda good but the restocks take forever. This time the restock is a myth, RBux willnever restock. They keep telling us they will restock but every day passes and nothing happens...
Friend: Yeah, you can count on me, I will be coming tomorrow
Tomorrow:
Me: Oh c'mon, you didn't have to lie like that, this isn't the RBux restock...
Boys who enjoy yaoi (a genre in Japan that contains sexual and/or romantic relations between two men); literally translates to "rotten boy"; corresponding female : fujoshi