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rainbow buddies 

A gay couple. usually used disparingly.
Did you know that Rick and Jay are rainbow buddies!
rainbow buddies by MC YT November 10, 2005

Rainbow Family

A rag-tag disorganized group of weekend hippies who exercise their first amendment right to gather on the 4th of July weekend. They illegally gather in groups of tens of thousands in remote, pristine areas of public land. Despite claims to "cleaning up after themselves," the Rainbows destroy protected wilderness areas often trampling upon endangered plants and making life difficult for endangered animals. While Rainbows pretend to be a non-organization, they act in an organized fashion to devastate environmental areas in the name of celebrating "Mother Earth." Despite some similarities between their belief system and First Nations belief systems, Rainbow Family members frequently trespass upon and desecrate indigenous sacred lands. They ignore the pleas of native elders to respect and refrain from gathering upon sacred locations.

Most Rainbows are well-behaved, but a significant minority steals to gain money to get to Rainbow gatherings. They will also shoplift supplies needed for the gathering. Given the extent of drug use among the Rainbow Family members, it is no surprise that violence is much more common than these "peaceful folks" care to admit. Rainbow Family culture is still far more sexist than they admit. The women do most of the work at the Gatherings. The men generally look to get laid. Rainbows are well known for permissive policies regarding drug use and sex. STD's, particularly disease resistant strains, are common among the Rainbows.
I hear it'll be decades before that part of the park recovers from that Rainbow family gathering; they have completely fucked it up.

making a rainbow 

when two lesbians eat each other out whils they're on their periods the spit period blood into one anothers mouth.
I caught janet reno and rosie o'donnel making a rainbow.
making a rainbow by burrito pope December 19, 2006

Rainbow Dick 

When a long penis is curved in a boomerrang shaped fashion.
"Wow, you have the nicest rainbow dick i have ever seen. Is there gold on the other side?
Rainbow Dick by Kelley September 10, 2003

rainbow party 

This is where I had painful results. I had a serious reaction to something in the lipstick (the next morning). It caused my penis to swell 2 times its normal erect width (but it wasn't erect). It was also red, inflammed, and itched badly. To get relief, I had to get a shot in my penis (OUCH!) and put a creme on it. It took about a week before it was back to normal. My advice - avoid these partys!
The results from the rainbow party left me with serious pain!
rainbow party by Sore Jimmy April 12, 2006

double rainbow

When a man is on another man lap getting anal. The guy on top gets a reach around, and the one on bottom pulls out at the same time they squirt their load.

The double rainbow.
You think bukake is disturbing, check out the double rainbow!
double rainbow by Louis the brawler November 19, 2010