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A pet name for a gay man whose penis has a curve, or the curved penis of a gay man.
I'm the luckiest man on the planet. I hope you have a pot of gold for me at the end of that rainbow my little leprachaun. Daddy has some canola oil, let's see what we can do with those lucky charms.
Rainbow by Jonathan Gagen October 4, 2018

Rainbow Dash

She is basically a 20% cooler version of Lightning Mcqueen and a pale cyan Pegasus used in alot of Lesbian fan art
Guy1: hey man what's your favorite MLP character?
Guy2: its soo Rainbow Dash dude!
Guy3: oh you mean Lightning McQueen?
Guy2: go the fuck away

Chocolate rainbow 

Another term for the mud rainbow - a combination of felching and oral sex whilst your partner is menstruating.
"Jeez, that was a heavy session last night...thought I was just gonna smell the metal, but ended up with a chocolate rainbow..."
Chocolate rainbow by Lord Plasma October 10, 2011

red rainbow 

Craig was eating out Molly, then Molly had a red rainbow.
red rainbow by Mr sex-affender November 21, 2013

gay rainbow 

The colors the asshole goes thru during anal sex. Pink to red to blue to purple. As defined by the great comic, Andrew Ferrara
That power bottomasked for it...his ass has gone gay rainbow.
gay rainbow by craycraymama July 24, 2015

taste the rainbow fuck

The legendary Taste the Rainbow Fuck is when you bring home a hot little slut, spread her flaps, and stuff and a few bags of skittles. Then you fuck her brains out and leave a huge load of man chowder. You then make her spread her legs wide and you take a big soup spoon and slide it in her coochie and fish out a big gooey spoonful which you feed to her.
Yo bro. Guess what I did to Jennabea last night? I gave her the Taste the Rainbow Fuck and set a new record with four bags of skittles. Then I got her to eat three spoonfuls and she licked it clean! She tasted my rainbow!!!!