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1.
An unwanted wart in the genital area. However, instead of being passed through sexual intercourse much like herpes warts, they are obtained by the act of playing too much badminton. They are severely itchy and have a tendency to change colours; they may be purple one day, and neon green the next. The upside to a peeton that it gives a person the ability to speak pig latin fluently.
Girl: EW WHAT'S THAT ON YOUR PENIS? ...
Boy: Oh that? It's a peeton. Wanna touch?
by eivrog October 11, 2010