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1.
When something evokes such a strong emotional state that you pee your pants, but it is entirely acceptable because the event is so grand. IE: You laugh so hard you pee.
#1
Ted: Dude, be prepared to laugh... check out this YouTube clip!

Ned: *watches* OMG! LOL! LMAO!!!! Dude! That was totally peeworthy, I couldn't catch my breath!

#2
Jan: Hey Jane, you need to go see SAW 10!

Jane: Is it "scary"?

Jan: Yes, TOTALLY PEEWORTHY!
by Tsarith March 16, 2011