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a rainbow shot out of my dick 

“A rainbow shot out of my dick” is ASAP Rocky’s description of using hallucinogenic drugs that kicked in while he was having sex.
“No lie, a rainbow shot out of my dick. It had a sound with it like a piano. I have no idea why there was a rainbow coming out of my penis.”

ASAP Rocky on using L.S.D. for the first time will having sex.
Something that hamilton will not throw away.

It is used as a leitmotif in the popular show 'Hamilton'. It is used throughout the show to signify Hamilton's inability to not do something. This philosophy leads him to write the 'Reynolds Pamphlet'. This was a career destroying document. It exposed his affairs with one 'Maria Reynolds'. Hamilton eventually 'throws away his shot' In the second last number of the show ('The world was wide enough'). This cost him his life.
I am just like my country, I am young, scrappy, and hungry and I am not throwing away my shot

shoot my shot 

when a boy or girl likes you and you want to start talking to them heavy so you ask them basically what you trynna do
aye im trynna shoot my shot so wassup
shoot my shot by stw15 April 23, 2017

shoot my shot 

Give a person a chance to try to get with you
"Bro Abby needs to let me shoot my shot with her"
Im finna shoot my shot
shoot my shot by Joseph slippery February 2, 2017

shot my wad

It actually comes from the old days of musket guns, where a wad (strips of cloth) was packed down in the barrel to create a seal between the gunpowder and the bullet, increasing the internal pressure when the gunpowder fired, and thus speeding the bullet.

A musket is a muzzle-loaded, smoothbore firearm, fired from the shoulder. Muskets were designed for use by infantry.
A soldier armed with a musket had the designation "musketman" or "musketeer".
"I ran out of ammo, General Washington, so I shot my wad."

(When soldiers ran out of bullets, they would resort to "shooting their wad".)
shot my wad by Tiny Pteranodon July 16, 2013

Thats my kind of shot 

flight reacts dumbass saying when’s he watching a nba game and, a nba player does something fancy.
Announcer: “steph curry pulls up from half court and banks it! That’s his 8th in a row!”
Flight: thats my kind of shot. I understand what’s it’s like to be hot since it happens to me all the time