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1.
(Noun) one who has trouble walking due to the extreemly obese condition of their body and must resort to a waddling motion similar to that of a penguin in order to move/walk.
"Hey John, did you see that Ass Penguin buying a fiest at the movies last night?"
by Yeti Hutz April 16, 2010
 
2.
a random idea that comes out of know where.
Steve just pulled a penguin out of his ass. (Ass Penguin)
by gsuusgkenlksjpc October 26, 2011