Wow, way to pull a fast one on us there. I was certain that the rainbow-farting unicorn stunt was for Saints Row 3. As it turns out, it's related to Red Faction: Armageddon. The more you think about it, the more it begins to seem like a natural fit.
Mr. Toots -- yeah, they gave him a name -- will be a playable weapon once we collectively build up one million downloads of the just-released demo for Armageddon. Above is an unfortunately brief look at how this weapon will handle.
You rule, Volition.