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Code Rainbow 

Goes hand in hand with the homometer. When the homometer reaches epic proportions, a Code Rainbow is announced.

Upon announcing a Code Rainbow, all straight males must cover their asses and run.
"Homometer rising, sir! CODE RAINBOW!! CODE RAINBOW!!!"
Code Rainbow by Brian Blake December 9, 2003

Chilean Rainbow 

A combination of the Cleaveland Steamer and the Portuguese Breakfast.

When a Couple decides to whip up some eggs and pour them into their partners ass. Any eggs will do, add a little parsley and some onions perhaps.

The chilean version calls for Chorizo and the rainbow comes after you shit into their asswhole you make larger with tongs and they blow it all out onto your chest while you lie down, follwed by some heated sex.
Last night James and I decided to have a little excitement and he gave me a nice Chilean Rainbow and added a little brown Sugar this time to make it a little sweeter.

Shoot the rainbow 

This is a term derived from the Skittles catchline "Taste the rainbow". To shoot the rainbow you must have Skittles-infused vodka and you must take consecutive shots of each of the 5 flavors (normally Skittles vodka requires separation of the different colors, otherwise you just get disgustingly sweet vodka). Some people use various color orders when shooting the rainbow but the most common order goes red (strawberry), orange (WTF do you think the flavor is if the thing's color is "orange"?), yellow (lemon), green (lime) and lastly purple (grape). Sometimes red and yellow are switched so that the order goes by color depth or some people just by their own taste.
The bartender last night said that they had made a lot of Skittles-infused vodka and recommended that we shoot the rainbow. He might as well have been selling crack since we all got 2 rounds of 5 shots and wanted more!
Shoot the rainbow by Sid Barrett February 21, 2011

Taste the Rainbow

To have sex or sexual activity with people of various races.
Bro, you did a black, Asian, and Mexican chick in one week??

Yeah man, I taste the rainbow

double rainbow

a phenomenon that puts anyone that sees on the ROFLcopter while having an orgasm attack
Person 1: (crying) "OMG a double rainbow!!!"

Person 2: (trying to talk while LOLing) "I-is this a s-s-sign of

G-G-G-God??!!"

ROFLcopter Captain: "You betcha. Now you and your friend

hop the heck on board lmbo."

Over the Rainbow 

Beyond Gay
(place extra emphasis on the word "over" )
Lisa: Would you ever cosider going with Dante'
Carrie: Are you out ya damn mind? I heard that boy was over the rainbow!
Over the Rainbow by Necey January 21, 2005