A sarcastic expression of wellbeing used when confronted by a shitstorm or a clusterfuck of magnificent and awe inspiring proportions. A series of painful incidents or unfortunate experiences.
It’s twenty below zero, my hat froze to my wet head, a pigeon shit in my coffee and then some punk kid knocked me down and stole my wallet when I got off the train. So far, it’s all rainbows and unicorns!
by chewypooh74 September 11, 2013

Guy 1 *Says the same stupid shit for the hundreth time.*
Guy 2 "I can't take this shit any more!"
Guy 3 "Seriously, we our up to our ears in your rainbows and unicorns."
Guy 2 "I can't take this shit any more!"
Guy 3 "Seriously, we our up to our ears in your rainbows and unicorns."
by pseudonymis magorium August 2, 2011

by Humanomaly 666 June 24, 2016

When someone is so head-over-heels in love with someone that they believe their own previously toxic flatulence has been magically transformed into something inordinately wonderful.
by Dr Bunnygirl May 19, 2021

A Rainbow-Shitting Unicorn, is the gay equivalent of a Panther.
A Rainbow-Shitting Unicorn is when a younger male, chases older men.
A Rainbow-Shitting Unicorn is when a younger male, chases older men.
Guy 1: "You know I'm 25 right...?"
Guy 2: "Just because I'm 15 doesn't mean anything, I'm a Rainbow-Shitting Unicorn."
Guy 2: "Just because I'm 15 doesn't mean anything, I'm a Rainbow-Shitting Unicorn."
by KickAssKyle January 7, 2011

by DLAB09 August 20, 2011

What a female does the following morning after indulging in unprotected anal sex with a gay man who, typically, is highly desirable to both men and women, making the term one of begrudging admiration.
Lexi "Did you see Candy last night, she's such a sexy slut; she even trapped Todd?" Eva, "you mean Todd, the gay barman with the body to die for? Wow, I guess she"ll be shitting rainbows and unicorns this morning; bitch".
by Grandsire July 31, 2019
