Slang. Refers to the flaccid state of the penis after experiencing something that causes one to become unaroused.
"Strangers with this kind of honesty make me go a big rubbery one, if you know what I mean."
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n. Something unpleasant. This term implies that whatever it is refering to is as bad as being anally fornicated with a 'big rubbery one'.
"I just got two cavities filled today. That dentist visit was definately a big rubbery one".
"This 9pm class is gonna be a big rubbery one."
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