The result of a massive dip or flash crash from a cryptocurrency asset. The opposite of going to the moon
I was one zero away from being debt free and then I saw the Red Dildo
by Amigospc May 11, 2021
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An adjective used to describe a situation in which everyone is in "fucked".

When yelled, it can be a warning to others to hide from someone who is not liked.
Someone yells "red dildo!" Dorm room doors slam shut.
by Jimbo Pierce November 01, 2007
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using a rusty trailor hitch, preferably from the 70's or 80's to pleasure your self analy or vaginaly
I was horny so I went outside and pleasured myself on my uncles pick up truck red neck dildo style "Floppy J"
by Floppy J October 10, 2010
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