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Refers to a penis. Peg is shaft and D is dick.
He put his Peg D into her Slot C.
peg d by EPIC-OSG October 15, 2021
Related Words
D.Peg peg d Peggy'd D.A.N D.A. D d.s. D.J D.M. D-town
"But I don't have a long time to worry before I'm Peggy'd in the back."

-The Blog of Alexander the Great Ham (Chapter 11), JohnSaysHi
Peggy'd by BatShitCrazyCanadian September 11, 2018