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Riding the Brown Pony 

When a girl is riding a black guy who is wearing a brown horse mask reverse cowgirl.
Did you hear about Becky? She was riding the brown pony all last night with Devonté.

Riding the cotton pony 

when a woman is on her period.
"Why is she being such a bitch today?"
"I'm not sure, maybe she's riding the cotton pony."

Riding The White Pony

The act of a person being high,after snorting cocaine
DAD:"son are you riding the white pony"
SON:"no"

riding the chocolate pony 

A white person having sex with a black male.
A white porn actress going bi-racial reverse cowgirl style.
Living on an laxative diet.
My favorite porn actress just went super slut and is anally riding the chocolate pony.

Elmo Riding the Cotton Pony

Menstrual cycle, period, time of month

a phase of the menstrual cycle in which the uterine lining is shed
Woman: No fun tonight

Man: Why?

Woman: Because Elmo Riding the Cotton Pony

Man: :(, I guess I just use this sock instead
Elmo Riding the Cotton Pony by KMT83 December 24, 2011

Riding The Red Pony 

Slang for a woman on her period.
"I'm riding the red pony"
"Are you riding the red pony this week?"
"Do you have a tampon; I'm riding the red pony."