It is also used for gazing. Rainbow Obsidian is also called he "stone of pleasure" because energetically it is thought to bring pleasure, joy and enjoyment to one's life. It also bring clarity and clear thinking to one and therefore can bring out the Spiritual. Rainbow Obsidian is used psychically to enhance clairvoyance and is especially effective in protection as it is thought to ground negativity and allow the Light in. Rainbow Obsidian is primarily associated with the root chakra.