The most exquisite american meat shaped into the lovely form of a pony
NOT VERY OFTEN referred to as a cock
Matt: She rode the bologna pony all night loooong
John: *high five*
Megan: Not even if you paid me
Jay: Why not?
Megan: You have AIDS
A man’s hard on is commonly known as this because of a pony’s specific conformation and temperament thus the bologna before it is sliced is a large spherical lunchmeat emulative of a male’s penis.
(Male) Hey dude, you better hide your bologna pony it’s bulging out of the side of your gym shorts.