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When you've reached that great limit of drug intoxication and you feel absolutley great and you know you're having an awesome time.
"fuck im peeking like no tommorro"

"man you must be peeking?? haha wat did you take"
Peeking by roseanne1989 January 14, 2009
When your shit is peeking out of your asshole, you see the tip of your shit (or touching cloth)
I have to shit so bad right now, it’s peeking”
Peeking by GarbleDee M. Cox April 16, 2021

peeking turtle 

1. That critical moment between 'having to take a dump real bad' and 'having an accident in your pants'.

2. The feeling that a turd is on the cusp of 'peeking' out of one's anus, resembling a turtle's head coming out of its shell.
We gotta stop this car and find a restroom soon! I got a peeking turtle over here!
peeking turtle by The Watcher April 3, 2003

Peeking Chicken 

Pronounced like the chinese dish Peking duck, the Peeking Chicken occurs when the male genitalia, or penis, flops out of one's pants, i.e., through the fly or other such aperture. Such occurences can result in either embarassing or comedic effects.
Male 1: Um... Excuse me, sir, but... It has come to my attention that your manhood is clearly and obtrusively visible, as it is protruding from your trousers.

Male 2: Oh dear! (hastily tucks weiner back into pants) The scourge of Peeking Chicken has struck once more...

Peeking in the closet 

When a straight person tests out being gay to see what its like.
I caught Jill peeking in the closet with Katie at the kegger last night!

Peeking Mushroom 

When a man's pubic hair exceeds the length of his penis, leaving only a small portion of the tip visible.
I was about to have sex with this guy I met at the club, but once undressed I was disappointed at the sight of his peeking mushroom.