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A pink slinky is when your asshole prolapses and ur asshole looks like Majin Buu, it also can end up looking like the slinky dog from Toy Story but pink and your intestines.
As I played flappy bird I tapped my phone so hard that I had a pink slinky and needed it be surgically removed.
It has happened that an extremely prolapsed rectum (pink sock) can slip out and get tangled in a bicycle sprocket or other machinery, resulting in the unraveling, then coiling of one's intestines, giving one a PINK SLINKY.
Thomas had himself quite the fabulous Pink Slinky. His go to party trick was to yank down his trousers, release the coiled Pink Slinky, whereupon he would bounce around the room like Tigger the tiger.