having red, bloodshot eyes while you're high
Dude, that dank weed i smoked today gave me fucking rainbow eyes.
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A beautiful girl with asian eyes. Eyes that say i don't give a fuck about your bullshit, and smiles to the world.
Bob: Whoa man, check out this girls picture.
Rolando: Damn. Check out her rainbow eyes.
Bob *Faints*
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When a look is made between two members of the same sex and it is known, without words, that the two will engage in sexual deeds together.
"I was in the Bamboo Bunker and I saw these two hunks makes rainbow eyes at each other, next thing I knew they were rushing for the bathroom."