A Peeking Indian is a condition of the penis where it's so small that only the head can be seen peeking through the bush.
Guy 1: Holy shit! That guy's penis is so tiny! What the fuck is that? Oh my God, there's something looking at us!

Guy 2: What the hell is that?!

And Peeking Indian was born.
by Mike Squared November 5, 2009
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