Green’s Dictionary of Slang

rain n.

(UK Und.) gin.

[UK]‘Ducange Anglicus’ Vulgar Tongue 39: Cocum gonnofs [...] send their lushy shicksters out to bring the rain in.

SE in slang uses

In compounds

raincoat (n.)

1. a contraceptive sheath.

[US]‘J.M. Hall’ Anecdota Americana II 27: Determined to stem his virility, he finally adjusted six rain-coats on his tool and went to work.
‘Mae West in “The Hip Flipper”’ [comic strip] Fucking with a raincoat is like peeping through a keyhole with a glass eye.
[US] in Current Sl. IV:3–4 (1970).
[US]B. Rodgers Queens’ Vernacular.
[UK]P. Bailey Eng. Madam 82: All the other fellows who turned up expecting a French polishing: I made every one of them wear a rubber raincoat.
[US]N. McCall Makes Me Wanna Holler (1995) 42: Make sure you wear a raincoat when you bone them broads.
[NZ] McGill Reed Dict. of N.Z. Sl.
[Aus]R.G. Barrett Rosa Marie’s Baby (2013) [ebook] ‘I’m not wearing a raincoat’.

2. a dutch cap contraceptive.

[UK](con. late 1940s) V. Foot Sixteen Shillings And Tuppence Ha’penny 133: Blow me down – it’s the bloomin’ raincoat now (Dutch cap)!

3. (UK Und.) an Ingram Mac-10 machine pistol.

[UK]Guardian G2 9 Sept. 8: The tabloids call them ‘Big Macs’; the gangsters call them ‘raincoats’.
rain drain (n.) [a var. of the duck’s arse n. (1); the image being that the rain runs off it]

(US) a 1950s youth hair style.

[US]N. Proffitt Gardens of Stone (1985) 112: Most of them wore pegged, button-fly Levis [...] and duck’s-ass or rain-drain haircut.
rain maker (n.)

1. (US Und.) a confidence trickster (or legitimate businessman) who makes extravagant promises and, if they fail to work out, extracts even more money from the victim / client.

[US]C.L. Cullen Tales of the Ex-Tanks 109: He asked me if I thought I’d be able to do any rain-making [...] as to the merits of the fruit.
[US]Simon & Pelecanos ‘Middle ground’ Wire ser. 3 ep. 11 [TV script] He rain-made you. A guy says if you pay him, he can make it rain. You pay him. If and when it rains, he takes the credit. And when it doesn’t, he finds reasons for you to pay him more.

2. (US) an extremely successful member of a firm, often a lawyer, who commands high fees and is thus a lucrative asset to their employer; thus rainmaking, promoting trade.

[US]Time 10 Apr. 65: Rainmakers can come up dry: ex-Attorney General Ramsey Clark did so much free pro bono work that he lost money for his former New York firm.