It is the combination of Penis and Awning. It is the male equivalent of the FUPA, 'Gunt', or Vagomach.
Man, check out the overhang on that guy's speedo. He has a full-blown pawning over his junk.
by DaJayTrain February 21, 2011
1 more definition
another word for dealing drugs.
Is Tony still pawning? I didn't know if he had trees or not.
by aublob February 11, 2009