A person who has an abundance of homosexual friends. A rainbow catcher may be confused with a fag hag, but the rainbow catcher accepts and understands that their gay friends will not convert to the heterosexual side. Also, this term is not derogatory.
I really dislike the term "fag hag", yes I have many gay friends, but I am a rainbow catcher.
The act of pulling down an erect penis, placing a skittle on the head, and releasing the penis to send the skittle flying through the air to the waiting open mouth of your partner.