An imaginary meteorological event occurring after a severe bout of diarrhea, much as a rainbow occurs after a thunderstorm.
"Oh my god, the Kaopectate finally kicked in... I think I've having an ass rainbow."
by Barbiste May 26, 2004
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Any person that when they bend over has hair coming out of their butt. Referred to as a "rainbow ass" because it is popping out as rainbows do from clouds.
"Look at that guys rainbow ass,no one wants one of those."
by kgriff January 05, 2012
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