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lipstick dipstick 

A term for a male canine erection, as it can often resemble lipstick when it is ready to be applied.
Dude, your dog had a full on lipstick dipstick for my leg.

lipstick on your dipstick 

Does this really need an explanation? It seems to be used primarily when lecherous drunks are sitting at a bar and a hot bitch walks in.
(Drunks talking in a bar as the hot bitch walks in)...

"Damn, Frank. Check out what just came in the door! Man.... How'd you like to get her lipstick on your dipstick?"

Lipstick on my Dipstick

Lipstick on my Dipstick is the remnant of lipstick that a girl leaves on your raging hard-on after giving you a blowjob and throat-gasm.
When I got back to our dorm-room, Matt noticed that I had Lipstick on my Dipstick!

Dipstick and Lipstick 

Don't waste your vote on ol' Dipstick and Lipstick.