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rainbow belch 

Yet another slang term for vomiting. Rainbow belch is visually akin to technicolor yawn.
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When President Obama proposed failed Socialist economic policies as a way to grow the economy, I felt a rainbow belch coming on.

One cannot simply "stick it" to producers (because of class envy, or a perverted concept of "fairness") and expect the economy to grow.

Likewise, America cannot tax itself into prosperity. The incentive to generate a profit is a cornerstone of job creation at every level.
Rainbow (aka "Ritchie Blackmore's Rainbow" and "Blackmore's Rainbow") were a rock band, you bunch of sick fucks, degenerates and homophobes!
Guy #1: Ronnie Dio was Rainbow's best lead singer
Guy #2: No, Joe Lynn Turner was the best!
Guy #3: No, Doogie White was the greatest Rainbow singer!

*Everybody in the room, with blank expressions*: "Doogie who?"

rainbow kisses 

When a female is recieving oral sex on her menstral cycle and the person performing kisses her afterward.
Betty gave sarah rainbow kisses
rainbow kisses by Liz November 19, 2002

rainbow wank 

Where a group of Multicultral people wank each other off (in a whole group)
rainbow wank by Bitch man September 11, 2008

Rainbow Hotpocket 

The Rainbow Hotpocket is a novelty sexual intercourse activity. The male eats an extra hot curry, prior to consuming a valium. Once the curry has been digested and the valium has taken effect, one proceeds to climb a ladder naked, strategically placed next to a bed, on which a female lies also nude. With an erection, the male launches from the ladder and takes a shit (preferably very runny) without the females consent (and hopefully without realising) in mid air. On arrival, the male enters the female (velocity varies on weight to gravity math). In a brisk, but controlled motion, the male flips the female into a straddling/cowgirl position. If all goes as planned, the horrible running shit that exited the male at the top of the ladder will land on the females back. Once the female realises what has just occurred, she will leap off the male in disgust (maybe). At that point, it is imperative that the male shouts at the top of his voice in a celebratory manor the phrase, 'cunty bollocks trouble amongst!' Before the female has a chance to confront the male of his recent action, the male grabs the ladder and smacks the female in the face with it.
Man you should have seen the other night, I totally gave this bitch a rainbow hotpocket! I'll give you back your ladder soon bro.
Rainbow Hotpocket by Mr flappy February 24, 2011

Taste the Rainbow

When a man inserts Skittles into his penis, then cums inside of the mouth of another individual. Hence allowing that person to,"Taste the Rainbow."
#1,"Sorry to tell you this man but I made your wife taste the rainbow."
#2,"It's ok cause i know how much your wife likes to taste the rainbow."