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1.
When you masturbate for so long there is blood from chaffing, by the time you ejaculate the semen will be mixed with blood.
Dude I was masturbating for so long last night I gave myself a rainbow wank.
von bunkbuddies 9. Mai 2010
6 1
 
2.
Where a group of Multicultral people wank each other off (in a whole group)
Rainbow wank is my good friend
von Bitch man 6. August 2006
8 7
 
3.
When you kneel on the floor, pants down, cock in hand, then lay out all your favourite porn mags on your preferred climax pages in a rainbow shape around you and then have a wank.
My Mum walked in on me having a rainbow wank last night! I couldn't hide the porn mags quick enough.
von Wet Wet Wet Wet 19. August 2010
5 8