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Saved by the Red 

A phrase derived by those who have experienced the intense sexual frustration of waiting for a girl to be ready to have sex again, only to find out she's on the rag.
Girl: "Shelly, did you have sex will Bill last night? I heard he's been waiting for like a month for you to get back in town."

Shelly: "Girl, he can wait. I wasn't in the mood anyway- its that time of the month.."

Girls' Simultaneous laughter: "Saved by the Red!!!" (high-five)

(Bill wimpers softly in the corner...clutching his blue balls.)
Related Words

can i borrow your red pen 

A way of a girl saying that she needs a pad or tampon without being embarrassed
You: Emily can I borrow your red pen
Boy: here you can borrow mine. ( actually gives you a red pen)

You: no I need Emily's red pen
Emily: hands you a tampon secretly under her desk

Girl in Red 

Girl in Red is a singer who is a member of the LGBTQ+, so if a girl asks another "girl in red?" she's basically asking her if she's into dating/likes girls.
girl one: "girl in red? 👉👈"
girl two: "hell yeah!"
Girl in Red by kenekochannn September 10, 2020

Girl In Red? 

This is generally used to detect if someone is a lesbian or not. Girl in reds music centres around lesbians, so it is deemed the lesbian anthem.
Girl 1: "Hey, Girl In Red?"
Girl 2: "Yup!"
Girl In Red? by KokichiButDepressed December 29, 2020

i like girl in red 

This is a code word to tell someone you’re lesbian
“Mom i like girl in red
Mom: oh so you’re a lesbian

Freshman Red 

When you get drunk (or just ED) and your penis stops working just before you're about to have sex with a chick. This causes great embarrassment and you will forever be known as the guy who can't get it up.
Evan: Freshman Red exists--it's a real thing.
Drew: Freshman Red does not exist, you just have ED.
Evan: Sad face.