Apparently having a rainbow draped upon oneself is more than just a sign of gay pride nowadays. It seems that teenage boys are getting the "pleasure" of being "rainbowed" at parties around the country.
Don't know what I'm talking about? I think the NYTimes says it best:
fashion/thursdaystyles/30rainbow.html?8dpc (cut and paste this link)
Although I don't have any first-hand experience with these parties (I am unfortunately over the age of 18), I don't think its too far-fetched to think that these are just a figment of the right-wing's imagination, and this doesn't really happen. They probably just want to stomp out all kinds of rainbows. The right-wing certainly likes to stomp out everything else...