1. A rare breed of unicorn which prances around on a rainbow, jumping from one color to another. Usually accompanied by balmy weather and a sparkling sky. It signifies happiness, tranquility and high flying times.
Boy A : Hey, look at that Sheranka in the sky! I am so going out for a picnic with my friendstoday.
Boy B : Yes, i love Sherankas. Wish we had more of them.
Name given to New Zealand on an Australian TV advertisement parodying American advertising creatives (or moreso, American obliviousness about anything outside their country - such as the name of NZ!! Youtube it!!