Noun relating to the act of being rinsed. Rinsage implies:

1) Undergoing a thoroughly humiliating defeat in any competitive field.

2) Being absolutely humiliated through jest.

Frequently functions as a stand-alone exclamation expressing this (in both contexts).
1)Rinsage ensued when my girlfriend challenged me to a Deathmatch on Doom.

2)Porsche: Hi, I'm Porsche and this is my friend, Kelly.
John: (upon seeing Kelly's weight) Hello Porsche, hello Minivan.
Jake: Oh! Rinsage!
by Erda February 16, 2008
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