Nope. There is no such thing as a rainbow puffle, (yet).
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The first Puffle introduced on Club Penguin was the Blue Puffle. This Puffle was available to all Club Penguin users, including non-members. Also, the second Puffle on Club Penguin was the Red Puffle. This Puffle was brought by the notorious Captain Rockhopper, a celebrity on Club Penguin. They are a special breed of Puffle, originating from Rockhopper Island. This Puffle too, was available to all Club Penguin users.
the black puffle catches fire on club penguin if you feed it a puffle-o or if you play with it
yes there is a puffle island on club penguin so go find it
The black puffle.
the best is eilte puffle but you think the rainbow and golden puffle is the best but they too hard need a cheat plus a code and they are not real too well only the only to get em to work for club penguin but the eilte puffle iis easy to get than golden and rainbow puffle