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gay bacon strips 

The term describes rainbow belt candy and was coined by the guys from the Epic Meal Time cooking show on YouTube. The term is most often yelled loudly, and only rarely used not in repetition.
"GAY BACON STRIPS!

GAY BACON STRIPS!

GAY BACON STRIPS!

GAY BACON STRIPS!
GAY BACON STRIPS!"
gay bacon strips by nt22 July 4, 2011

Loose Bacon Strips 

1. Floppy, saggy and/or stretched out pussy lips. Often the result of child birth, but mostly linked to being a "fuck em all" whore.

2. A vertically challenged vagina. Resembles salt water taffy in a folding machine
1. Gina is such a slampig. She must really have some loose bacon strips.

Bacon Strips

A smoked pork smallgood that has the capacity to scare muslims, destroy the world and give everyone heart disease.
Pioneered by a YouTube channel under the alias of EpicMealTime as a recurring motif.
Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips & Bacon Strips... Fuckin' Smart.

bacon strips

Brown marks that are left on the inside of one's underware as a result of improper butt wiping.
Did you see the bacon strips that guy had in his underware?

bacon strips

Condition identifiable by stretched, grizzled, dangling, and sometimes elongated flaps of skin that used to be the labia minor on an overworked porn star's (or college co-ed's) vagina.

Not to be misdiagnosed as vaganus.
Did you see the latest Jenna Jamison flick?
No, my doctor said I need to cut back on my daily consumption of bacon strips.

Bacon Stripe 

I use the laundry service on the corner, except my whites. I don't want them to see my bacon stripes.
Bacon Stripe by Refugee November 16, 2005