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Rainbow drink 

When a girl puts her period blood in a cup and a boy cum's in the same cup and they both drink half each.
Rainbow drink by doovde January 16, 2008

drink the rainbow 

A drinking game in which the participants must drink a yellow drink, an orange drink, a red drink, a purple drink, a blue drink and a green drink.
"Hey, do you want to go drink the rainbow?"
"I dunno, last time I did I threw up multi-colours"
drink the rainbow by Tobold November 24, 2006

drink the rainbow 

sit back and toke/ possibly do acid
dude, you are too up tight, sit back and drink the rainbow
drink the rainbow by Kyle Manuel September 17, 2005

Rainbow Drinker 

A term used in the webcomic Homestuck.

A Rainbow Drinker is a troll who drinks other troll's blood.

Basically like a vampire.

It is called RAINBOW Drinker because troll's blood comes in a variety of colors depending on the troll.
*SPOILER*
*ALERT*

Kanaya becomes a rainbow drinker after she is killed by Eridan.
Rainbow Drinker by Allisterr October 10, 2011