We introduce and briefly analyze the rainbow tensor model where all planar diagrams are melonic. This leads to considerable simplification of the large N limit as compared to that of the matrix model: in particular, what are dressed in this limit are propagators only, which leads to an oversimplified closed set of Schwinger-Dyson equations for multi-point correlators. We briefly touch upon the Ward identities, the substitute of the spectral curve and the AMM/EO topological recursion and their possible connections to Connes-Kreimer theory and forest formulas.