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Rainbow Sandals 

The Factory itself is a cultural corner stone but what's inside is more important. Easily the best footwear you will come across in your life. Each sandal is handmade in San Clamente and all have their own unique quirks. The factory/ store is based in San Clamente CA and supplies all the shoes to hardcore surfers. You'll be apart of an elite few who own these uber comfortable, but as yet relativly undiscovered funky sandals. I would recommend looking them up on a search engine as they can last you a lifetime. Visit San Clamente and pick up the last pieces of foam/rubber/leather/hemp your feet will ever touch. Badass shoes.
"you're wearing Rainbow Sandals?"
"yeah dude picked them up last week"
"Well they'll last you eons"
"sweet"
"killer"

Rainbow Sandals by Natanku August 7, 2006

Rainbow Bunchie 

The Rainbow Bunchie, also known as the Final boss of the Internet, is a llama-like creature that is multicoloured. In essence it is an animation of the Rainbow Bunchie with a light-hearted tune in the background. To 'defeat' him you must watch the video without laughing.
It's teh final boss of teh interwebz!

*Laughs uncontrollably*

The Rainbow Bunchie defeated me!
Rainbow Bunchie by Bunchiezz August 29, 2010

Rainbow-washing 

The act of using or adding rainbow colors and/or imagery to advertising, apparel, accessories, landmarks, et cetera, in order to indicate progressive support for LGBTQ equality (and earn consumer credibility)--but with a minimum of effort or pragmatic result. (Akin to "green-washing" with environmental issues and "pink-washing" with breast cancer.) LGBTQ LGBT Slacktivism hacktivism pride gay pride LGBTQ pride
"People are so excited that the city painted the crosswalks with LGBTQ-pride colors, but in all seriousness, I think it's just rainbow-washing." LGBTQ LGBT Slacktivism hacktivism pride gay pride LGBTQ pride

rainbow rap 

A sub-genre of Rap music; songs not about bitches, guns and/or money.
Black eyed peas are rainbow rappers to the max.
rainbow rap by gcube April 24, 2011

Rainbow Mistake 

When you go out in a new city and end up at a gaybar
Dude, that was the biggest Rainbow Mistake ever. I almost got powertopped in that bar.
Rainbow Mistake by dragon777 November 24, 2009

pull a rainbow

Having sex with girls from all major races at once i.e. white, black, asian, latina. This is how Magic Johnson got HIV, he pulled one every game.
Jack: Yo Pete, I heard you fucked a few sluts on the weekend
Pete: No shit, I pulled a rainbow
Jack: What black, white, asain and latina?
Pete: Yeah and a horse
(pull a rainbow)