What is Huevos Rancheros?
1.
Rancher eggs in english latin slang for testicules
We was playin tetherball i hit the ball and it hit him in the huevos rancheros
2.
The act of 
My girl wouldn't stop snoring so I fed her the huevos rancheros
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1. 
Either a straight man, or a gay female.  Suggesting that they eat vagina, and vagina only.
"Dude, don't bother with that chic..