To have sex with. Many say this after having sex or while dirty talking someone after such activities.
Present tense: Taking
Boy #1: Dude, Taylor totally took my c0ck so deep last night.
Boy #2: Isnât Taylor a guy? Thatâs kinda gay.
Boy #1: Whatever. Still a tight hole. He might be taking be again tonight.
A rainbow rope refers to a sex toy of some sort (e.g. dildo, vibrator)
She has a box full of rainbow ropes in her closet.