A term of endearment for a person with the name Peyton; Usually followed with banter and laughter.
Person one: Wazzup, Peyton?
Peyton: No response
Person one: Peeeeeeeyyyyyyytooooooon!
Peyton: Hey hey homy G- what be shakin?
Person one: My chocolate SHAKE! Hah- get it? SHAKE? Like what's SHAKIN?