1) A word for the person you are friends with but don't feel like calling them by their name.
2) Commonly meaning how retarded what that person just did was
3) Doesn't always have to be spelled with two zeros.
1) Jim: "Hey P00G! Come here I want you to met my friend Simon!"
2) Mikayla: "Did you see what that P00G just did?"
Karen: "Yeah, she's a total ass."