A sarcastic expression of wellbeing used when confronted by a shitstorm or a clusterfuck of magnificent and awe inspiring proportions. A series of painful incidents or unfortunate experiences.
It’s twenty below zero, my hat froze to my wet head, a pigeon shit in my coffee and then some punk kid knocked me down and stole my wallet when I got off the train. So far, it’s all rainbows and unicorns!
by chewypooh74 September 11, 2013
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A way to demean what some one said by calling it complete bullshit.
Guy 1 *Says the same stupid shit for the hundreth time.*

Guy 2 "I can't take this shit any more!"

Guy 3 "Seriously, we our up to our ears in your rainbows and unicorns."
by pseudonymis magorium August 01, 2011
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When someone is so head-over-heels in love with someone that they believe their own previously toxic flatulence has been magically transformed into something inordinately wonderful.
Ever since I first laid eyes on her I’ve been farting rainbows and unicorns!
by Dr Bunnygirl May 19, 2021
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A Rainbow-Shitting Unicorn, is the gay equivalent of a Panther.
A Rainbow-Shitting Unicorn is when a younger male, chases older men.
Guy 1: "You know I'm 25 right...?"

Guy 2: "Just because I'm 15 doesn't mean anything, I'm a Rainbow-Shitting Unicorn."
by KickAssKyle January 06, 2011
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The term used for the act of giving a blow job with a mouthful of skittles.
If you give me a rainbow unicorn you can taste the rainbow, honey.

My wife always gives me a rainbow unicorn before I go to work. She loves skittles.
by CharlieChaos January 31, 2020
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When a “spit roast” occurs between three males on a float during a gay pride parade. One of the upright males proceeds to hold up their arms during the sexual act. The popular dance “YMCA” is the performed by the upright male before everyone finishes as a group.
Would you like to “rainbow unicorn” with Bruce and I at the parade today?
by Glow Hughes September 08, 2020
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A rainbow unicorn represents a lively, vibrant man that's sexually attracted to other men, either gay or a it represents the gay man a couple wants to join them in some fun.
Omg Johnny is a total rainbow unicorn! Let's bring him home!
by RainbowSparkle22217 December 12, 2019
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